SNB said the AT1 sukuk were issued on Jan. 26, 2021
Saudi National Bank (SNB) announced its intention to redeem its $1.25 billion Additional Tier 1 (AT1) sukuk on July 26, 2026, in full, at face value plus any outstanding amount. 
The sukuk were issued on Jan. 26, 2021, for an aggregate value of $1.25 billion, the bank said in a statement to Tadawul.
The required regulatory approval was secured, the statement added.
Sukuk Details
Issue Type
USD-denominated AT1 sukuk
Sukuk Value
SAR 1.25 bln
Redemption Percentage
100%
Total Number of Sukuk
6,250(based on the minimum denomination and total size)
Issue Date
Jan. 26, 2021
Trading End Date
July 26, 2026
Nominal Value
$200,000/Sak
Date of Depositing the Amounts in the Sukuk Holders’ Accounts
July 27, 2026
SNB said the AT1 sukuk were issued on Jan. 26, 2021
Saudi National Bank (SNB) announced its intention to redeem its $1.25 billion Additional Tier 1 (AT1) sukuk on July 26, 2026, in full, at face value plus any outstanding amount.
The sukuk were issued on Jan. 26, 2021, for an aggregate value of $1.25 billion, the bank said in a statement to Tadawul.
The required regulatory approval was secured, the statement added.
Sukuk Details
Issue Type
USD-denominated AT1 sukuk
Sukuk Value
SAR 1.25 bln
Redemption Percentage
100%
Total Number of Sukuk
6,250(based on the minimum denomination and total size)
Issue Date
Jan. 26, 2021
Trading End Date
July 26, 2026
Nominal Value
$200,000/Sak
Date of Depositing the Amounts in the Sukuk Holders’ Accounts
July 27, 2026
