The Saudi Investment Bank (SAIB)headquarter
The Saudi Investment Bank (SAIB)plans to issueSAR-denominated Tier 1 capital sukuk througha private placement under its SAR 5 billion sukuk program, the banksaid in a filing to Tadawul today, April 8.
appointed Alistithmar Capital and Al Rajhi Capital as joint lead managers and bookrunners for the potential issuance. The relevant size and terms will be set at a later stage, subject to market conditions.
The issuance aims to strengthen additional Tier 1 capital and support the bank’s financial and strategic objectives. It remains subject to regulatory approvals.
This announcement does not constitute an invitation or offer to subscribe to or buy any securities, and that any material developments will be disclosed in due course, SAIB added.
The Saudi Investment Bank (SAIB)headquarter
The Saudi Investment Bank (SAIB)plans to issueSAR-denominated Tier 1 capital sukuk througha private placement under its SAR 5 billion sukuk program, the banksaid in a filing to Tadawul today, April 8.
appointed Alistithmar Capital and Al Rajhi Capital as joint lead managers and bookrunners for the potential issuance. The relevant size and terms will be set at a later stage, subject to market conditions.
The issuance aims to strengthen additional Tier 1 capital and support the bank’s financial and strategic objectives. It remains subject to regulatory approvals.
This announcement does not constitute an invitation or offer to subscribe to or buy any securities, and that any material developments will be disclosed in due course, SAIB added.
