Logo ofSaudi National Bank (SNB)
Saudi National Bank (SNB) plans to redeem SAR 2 billion Tier 1 sukuk in full, at par value (100% of issue price) on July 15, the tenth anniversary of the issue, according to aTadawulstatement. 
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SNB obtained the necessary regulatory approvals in this regard, it noted.
The redemption amount, together with any periodic distribution accrued but unpaid, will be paid by or on behalf of SNB on July 15, 2025, to the relevant sukukholders in accordance with the relevant terms and conditions.
Details of the Redeemed Sukuk
Item
Details
Type of Sukuk
Additional Tier 1 Capital Sukuk denominated in SAR
Total Value
SAR 2 bln
Redemption Rate
100%
Total Redeemed Sukuk
2,000 (based on the minimum value and total volume)
Issuance Date
July 15, 2015
Trading Suspension Date
July 15, 2025
Face Value at Redemption
SAR 1 million per sukuk
Redemption Payment Date
July 15, 2025
SNB Capital is the payment administrator and sukukholder agent.
Logo ofSaudi National Bank (SNB)
Saudi National Bank (SNB) plans to redeem SAR 2 billion Tier 1 sukuk in full, at par value (100% of issue price) on July 15, the tenth anniversary of the issue, according to aTadawulstatement.
For more news on listed companies
SNB obtained the necessary regulatory approvals in this regard, it noted.
The redemption amount, together with any periodic distribution accrued but unpaid, will be paid by or on behalf of SNB on July 15, 2025, to the relevant sukukholders in accordance with the relevant terms and conditions.
Details of the Redeemed Sukuk
Item
Details
Type of Sukuk
Additional Tier 1 Capital Sukuk denominated in SAR
Total Value
SAR 2 bln
Redemption Rate
100%
Total Redeemed Sukuk
2,000 (based on the minimum value and total volume)
Issuance Date
July 15, 2015
Trading Suspension Date
July 15, 2025
Face Value at Redemption
SAR 1 million per sukuk
Redemption Payment Date
July 15, 2025
SNB Capital is the payment administrator and sukukholder agent.
