Logo ofArab National Bank (ANB)
Arab National Bank (ANB)completed the issuance of SAR-denominated additional Tier 1 sukuk through a private placement in Saudi Arabia, under its SAR 11.25 billion additional T1 capital sukuk program, at a value of SAR 3.35 billion. 
For more news on listed companies
In a statement onTadawul, the lender said that the settlement of the sukuk issuance will be onFeb. 3, 2025.
Sukuk Issuance Details
Offer Type
Private placement of SAR-denominated additional Tier 1 capital sukuk
Offer Value
SAR 3.35 bln
Total Number of Sukuk
3,350 Sak
Par Value
SAR 1 mln
Sukuk Return
6.20% annually
Maturity
Perpetual (subject to early redemption on a call date or as otherwise specified in the base offering circular and the applicable final terms relating to the sukuk)
Terms of Redemption
The sukuk are perpetual securities and accordingly do not have a fixed or final redemption date. However, they may be redeemed in certain cases as detailed in the base offering circular and the applicable final terms in relation to the sukuk.
According to data available withArgaam, ANB announced in January a plan to issue SAR-denominated additional Tier1 sukuk through a private placement in Saudi Arabia under its SAR 11.25 billion Tier 1 sukuk program.
Logo ofArab National Bank (ANB)
Arab National Bank (ANB)completed the issuance of SAR-denominated additional Tier 1 sukuk through a private placement in Saudi Arabia, under its SAR 11.25 billion additional T1 capital sukuk program, at a value of SAR 3.35 billion.
For more news on listed companies
In a statement onTadawul, the lender said that the settlement of the sukuk issuance will be onFeb. 3, 2025.
Sukuk Issuance Details
Offer Type
Private placement of SAR-denominated additional Tier 1 capital sukuk
Offer Value
SAR 3.35 bln
Total Number of Sukuk
3,350 Sak
Par Value
SAR 1 mln
Sukuk Return
6.20% annually
Maturity
Perpetual (subject to early redemption on a call date or as otherwise specified in the base offering circular and the applicable final terms relating to the sukuk)
Terms of Redemption
The sukuk are perpetual securities and accordingly do not have a fixed or final redemption date. However, they may be redeemed in certain cases as detailed in the base offering circular and the applicable final terms in relation to the sukuk.
According to data available withArgaam, ANB announced in January a plan to issue SAR-denominated additional Tier1 sukuk through a private placement in Saudi Arabia under its SAR 11.25 billion Tier 1 sukuk program.
