Logo ofSaudi Awwal Bank (SAB)
Saudi Awwal Bank (SAB) commenced the issuance of SAR-denominated additional Tier 1 capital sukuk through a private placement in Saudi Arabia. 
According to a statement to Tadawul, the offering period begins today, July 8, and ends on July 17, as follows:
Sukuk Issuance Details
Offer Type
Private placement of SAR-denominated additional Tier 1 capital sukuk
Offer Value
To be determined as per market conditions
Start Date
Jul 8, 2025
End Date
July 17, 2025
Target Class
Institutional and qualified clients as defined by the Capital Market Authority
Lead Manager
HSBC Saudi Arabia was mandated as the sole lead manager
Minimum Subscription
SAR 1 mln
Offer Price
Subject to market conditions
Par Value
SAR 1 mln
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
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.
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The stated end date of the offering is tentative and may change based on market conditions, the bank added.
SAB also noted that this announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the sukuk. Relevant material developments will be announced in due course.
Logo ofSaudi Awwal Bank (SAB)
Saudi Awwal Bank (SAB) commenced the issuance of SAR-denominated additional Tier 1 capital sukuk through a private placement in Saudi Arabia.
According to a statement to Tadawul, the offering period begins today, July 8, and ends on July 17, as follows:
Sukuk Issuance Details
Offer Type
Private placement of SAR-denominated additional Tier 1 capital sukuk
Offer Value
To be determined as per market conditions
Start Date
Jul 8, 2025
End Date
July 17, 2025
Target Class
Institutional and qualified clients as defined by the Capital Market Authority
Lead Manager
HSBC Saudi Arabia was mandated as the sole lead manager
Minimum Subscription
SAR 1 mln
Offer Price
Subject to market conditions
Par Value
SAR 1 mln
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
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.
For more news on listed companies
The stated end date of the offering is tentative and may change based on market conditions, the bank added.
SAB also noted that this announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the sukuk. Relevant material developments will be announced in due course.
