Saudi National Bank (SNB)Tower
Saudi National Bank (SNB)commenced the issuance of SAR-denominated additional Tier 1 sukuk, the lender said in a statement onTadawul. 
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The value and term of offer will be determined subject to the market conditions, it added.
Sukuk Issuance Details
Offer Type
SAR-denominated additional Tier 1 Sukuk
Offer Value
To be determined as per market conditions
Start Date
May 11, 2025
End Date
Dec. 31, 2025
Target Class
Institutional and qualified clients as defined by the Capital Market Authority
Manager
SNB Capital as sole lead manager, bookrunner, and lead arranger.
Minimum Subscription Limit
SAR 1 mln
Offer Price
Subject to market conditions
Par Value
SAR 1 mln per Sak
Sukuk Return
Subject to market conditions
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
May be redeemed in certain cases as detailed in the base offering circular and the applicable final terms in relation to the sukuk.
Saudi National Bank (SNB)Tower
Saudi National Bank (SNB)commenced the issuance of SAR-denominated additional Tier 1 sukuk, the lender said in a statement onTadawul.
For more news on listed companies
The value and term of offer will be determined subject to the market conditions, it added.
Sukuk Issuance Details
Offer Type
SAR-denominated additional Tier 1 Sukuk
Offer Value
To be determined as per market conditions
Start Date
May 11, 2025
End Date
Dec. 31, 2025
Target Class
Institutional and qualified clients as defined by the Capital Market Authority
Manager
SNB Capital as sole lead manager, bookrunner, and lead arranger.
Minimum Subscription Limit
SAR 1 mln
Offer Price
Subject to market conditions
Par Value
SAR 1 mln per Sak
Sukuk Return
Subject to market conditions
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
May be redeemed in certain cases as detailed in the base offering circular and the applicable final terms in relation to the sukuk.
