Logo ofBank AlJazira
Bank AlJazira announced today, March 12, the completion of its additional tier 1 (AT1), SAR-denominated sukuk offering worth SAR 1.46 billion. 
In a statement on Tadawul, the bank noted that the issuance was conducted through a private placement to nationwide qualified investors, under its SAR 5 billion AT1 Sukuk Program.
Offering Summary
Issue Type
Additional Tier-1 SAR-denominated sukuk issuance, under the SAR 8 billion Additional Tier-1 Capital Sukuk Program.
Offer Value
SAR 1.46 bln
Target Investors
Qualified investors in the Kingdom of Saudi Arabia
Total Number of Sukuk
1,464 based on the minimum denomination and total issue size.
Par Value
SAR 1 mln
Return
6.35% annually from the issue date until 31 March 2031; the rate will be reset on that date and every 5 years thereafter, as specified in the applicable final terms of the Sukuk.
Maturity
Perpetual, callable after 5 years
Call / Redemption Terms
Sukuk may be redeemed under certain conditions as detailed in the Sukuk Base Prospectus.
Settlement Date
12 March 2026
The bank launched in February a private placement of SAR-denominated Additional Tier 1 sukuk, with AlJazira Capital and Al Rajhi Capital as joint lead managers and bookrunners, according to Argaam’s data.
Bank AlJazira Sukuk Issuances
Date
Value
Return
Program
March 2026
SAR 1.5 bln
6.35%
Additional Tier 1 capital sukuk program worth SAR 1.5 bln
September 2025
$500 mln
6.50%
Additional Tier 1 capital sukuk program worth $1.5 bln
January 2025
SAR 1 bln
6.30%
Tier 1 program valued at SAR 5 bln
June 2023
SAR 2 bln
6.00%
Tier 1 program valued at SAR 5 bln
December 2021
SAR 2 bln
6-month SAIBOR + 155 bps
SAR denominated Tier 2 sukuk
June 2021
$500 mln
3.95%
US dollar denominated Tier 1 capital sukuk
June 2016
SAR 2 bln
6-month SAIBOR + 190 bps
Subordinated SAR denominated sukuk
January 2011
SAR 1 bln
—
Sukuk redeemed in 2016
Logo ofBank AlJazira
Bank AlJazira announced today, March 12, the completion of its additional tier 1 (AT1), SAR-denominated sukuk offering worth SAR 1.46 billion.
In a statement on Tadawul, the bank noted that the issuance was conducted through a private placement to nationwide qualified investors, under its SAR 5 billion AT1 Sukuk Program.
Offering Summary
Issue Type
Additional Tier-1 SAR-denominated sukuk issuance, under the SAR 8 billion Additional Tier-1 Capital Sukuk Program.
Offer Value
SAR 1.46 bln
Target Investors
Qualified investors in the Kingdom of Saudi Arabia
Total Number of Sukuk
1,464 based on the minimum denomination and total issue size.
Par Value
SAR 1 mln
Return
6.35% annually from the issue date until 31 March 2031; the rate will be reset on that date and every 5 years thereafter, as specified in the applicable final terms of the Sukuk.
Maturity
Perpetual, callable after 5 years
Call / Redemption Terms
Sukuk may be redeemed under certain conditions as detailed in the Sukuk Base Prospectus.
Settlement Date
12 March 2026
The bank launched in February a private placement of SAR-denominated Additional Tier 1 sukuk, with AlJazira Capital and Al Rajhi Capital as joint lead managers and bookrunners, according to Argaam’s data.
Bank AlJazira Sukuk Issuances
Date
Value
Return
Program
March 2026
SAR 1.5 bln
6.35%
Additional Tier 1 capital sukuk program worth SAR 1.5 bln
September 2025
$500 mln
6.50%
Additional Tier 1 capital sukuk program worth $1.5 bln
January 2025
SAR 1 bln
6.30%
Tier 1 program valued at SAR 5 bln
June 2023
SAR 2 bln
6.00%
Tier 1 program valued at SAR 5 bln
December 2021
SAR 2 bln
6-month SAIBOR + 155 bps
SAR denominated Tier 2 sukuk
June 2021
$500 mln
3.95%
US dollar denominated Tier 1 capital sukuk
June 2016
SAR 2 bln
6-month SAIBOR + 190 bps
Subordinated SAR denominated sukuk
January 2011
SAR 1 bln
—
Sukuk redeemed in 2016
