Logo ofSaudi Awwal Bank (SAB)
Saudi Awwal Bank (SAB)completed the issuance of a SAR-denominated Additional Tier 1 (AT1) sukuk issuance worth SAR 2 billion, according to a Tadawul statement. 
Offering Details
Offer Type
SAR-denominated AT1 green sukuk
Offer Value
SAR 2 bln
Total No. of Sukuk
2,000
Nominal Value
SAR 1 mln
Return
6.30% 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 and have no 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.
Logo ofSaudi Awwal Bank (SAB)
Saudi Awwal Bank (SAB)completed the issuance of a SAR-denominated Additional Tier 1 (AT1) sukuk issuance worth SAR 2 billion, according to a Tadawul statement.
Offering Details
Offer Type
SAR-denominated AT1 green sukuk
Offer Value
SAR 2 bln
Total No. of Sukuk
2,000
Nominal Value
SAR 1 mln
Return
6.30% 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 and have no 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.
