Logo of Arab National Bank (ANB)
Arab National Bank (ANB) announced today, Sept. 3, the completion of its USD-denominated Additional Tier 1 (AT1) capital sukuk offering to eligible investors in and outside Saudi Arabia, with a total value of $750 million, according to a statement to Tadawul. 
Details
Item
Details
Offering type
USD-denominated AT1 capital sukuk
Offering value
$750 million
Total number of sukuk
3,750
Nominal value
$200,000
Coupon
6.5% annually
Maturity
Perpetual
Redemption eligibility
Redeemable after five years
Redemption terms
The sukuk may be redeemed in certain cases, as detailed in the Base Offering Memorandum
Settlement date
Sept. 9, 2026
The sukuk will be listed on the International Securities Market (ISM) of the London Stock Exchange (LSE) and may be sold pursuant to Regulation S of the US Securities Act of 1933, as amended.
According to Argaamdata, ANB announced on Sept. 2 the launch of its USD-denominated AT1 capital sukuk offering through a special purpose vehicle to eligible investors locally and internationally.
Logo of Arab National Bank (ANB)
Arab National Bank (ANB) announced today, Sept. 3, the completion of its USD-denominated Additional Tier 1 (AT1) capital sukuk offering to eligible investors in and outside Saudi Arabia, with a total value of $750 million, according to a statement to Tadawul.
Details
Item
Details
Offering type
USD-denominated AT1 capital sukuk
Offering value
$750 million
Total number of sukuk
3,750
Nominal value
$200,000
Coupon
6.5% annually
Maturity
Perpetual
Redemption eligibility
Redeemable after five years
Redemption terms
The sukuk may be redeemed in certain cases, as detailed in the Base Offering Memorandum
Settlement date
Sept. 9, 2026
The sukuk will be listed on the International Securities Market (ISM) of the London Stock Exchange (LSE) and may be sold pursuant to Regulation S of the US Securities Act of 1933, as amended.
According to Argaamdata, ANB announced on Sept. 2 the launch of its USD-denominated AT1 capital sukuk offering through a special purpose vehicle to eligible investors locally and internationally.
