Bank AlJazira’s issuance comes under its SAR 5 billion AT1 sukuk program
Bank AlJazira began issuing SAR-denominated Additional Tier 1 (AT1) sukuk under its SAR 5 billion AT1 sukuk program. 
The issuance is expected to be conducted through a private placement to qualified investors within Saudi Arabia.
The final size and terms of the sukuk will be determined later based on market conditions.
Offering Summary
Issue Type
SAR-denominated AT1 sukuk
Offer Value
To be determined based on market conditions
Offering Start Date
Feb. 24, 2026
Offering End Date
March 16, 2026
Target Classes
Qualified investors in Saudi Arabia
Issuance Manager
AlJazira Capital and Al Rajhi Capital as joint lead managers and bookrunners
Subscription Minimum Limit
SAR 1 mln
Offering Price
Subject to market conditions.
Par Value
SAR 1 mln
Return
Subject to market conditions.
Maturity
Perpetual, callable after 5 years.
Terms of Redemption
The sukuk may be redeemed in certain cases as described in the applicable final terms of the sukuk
The bank stressed that the announcement does not constitute an invitation or offer to purchase, acquire, or subscribe to any securities, and remains subject to the sukuk’s terms and conditions.
It added that any relevant material developments will be disclosed to shareholders in due course.
Bank AlJazira’s issuance comes under its SAR 5 billion AT1 sukuk program
Bank AlJazira began issuing SAR-denominated Additional Tier 1 (AT1) sukuk under its SAR 5 billion AT1 sukuk program.
The issuance is expected to be conducted through a private placement to qualified investors within Saudi Arabia.
The final size and terms of the sukuk will be determined later based on market conditions.
Offering Summary
Issue Type
SAR-denominated AT1 sukuk
Offer Value
To be determined based on market conditions
Offering Start Date
Feb. 24, 2026
Offering End Date
March 16, 2026
Target Classes
Qualified investors in Saudi Arabia
Issuance Manager
AlJazira Capital and Al Rajhi Capital as joint lead managers and bookrunners
Subscription Minimum Limit
SAR 1 mln
Offering Price
Subject to market conditions.
Par Value
SAR 1 mln
Return
Subject to market conditions.
Maturity
Perpetual, callable after 5 years.
Terms of Redemption
The sukuk may be redeemed in certain cases as described in the applicable final terms of the sukuk
The bank stressed that the announcement does not constitute an invitation or offer to purchase, acquire, or subscribe to any securities, and remains subject to the sukuk’s terms and conditions.
It added that any relevant material developments will be disclosed to shareholders in due course.
