Logo of Al Rajhi Bank
Al Rajhi Bankcompleted a $600 million Tier 2 social capital sukuk offering. 
In a statement to Tadawul, the bank said the settlement of the issuance of the Trust Certificates will be on Sept. 10, 2026.
Offering Details
Issue Type
USD-denominated Social Tier 2 Sukuk
Offering Size
$600 million
Total Number of Sukuk
3,000 (based on minimum denomination and total issue size)
Nominal Value
$200,000
Return
6.232%
Maturity
10.5 years, callable after 5.25 years
Redemption Terms
The sukuk may be redeemed under certain circumstances, as detailed in the sukuk offering document
Settlement date
Sept. 10, 2026
The bank added that the sukuk will be listed on the International Securities Market of the London Stock Exchange and may be sold pursuant to Regulation S under the amended US Securities Act of 1933.
According to data available on Argaam, the bank recently announced the launch of a USD-denominated Tier 2 social capital sukuk offering through a special purpose vehicle to eligible investors inside and outside Saudi Arabia.
Tier 2 capital is a type of capital instrument that provides a lower loss-absorption capacity compared with Tier 1 capital.
Tier 2 capital includes instruments such as subordinated loans, bonds, and other instruments issued by banks that meet specified regulatory criteria.
Logo of Al Rajhi Bank
Al Rajhi Bankcompleted a $600 million Tier 2 social capital sukuk offering.
In a statement to Tadawul, the bank said the settlement of the issuance of the Trust Certificates will be on Sept. 10, 2026.
Offering Details
Issue Type
USD-denominated Social Tier 2 Sukuk
Offering Size
$600 million
Total Number of Sukuk
3,000 (based on minimum denomination and total issue size)
Nominal Value
$200,000
Return
6.232%
Maturity
10.5 years, callable after 5.25 years
Redemption Terms
The sukuk may be redeemed under certain circumstances, as detailed in the sukuk offering document
Settlement date
Sept. 10, 2026
The bank added that the sukuk will be listed on the International Securities Market of the London Stock Exchange and may be sold pursuant to Regulation S under the amended US Securities Act of 1933.
According to data available on Argaam, the bank recently announced the launch of a USD-denominated Tier 2 social capital sukuk offering through a special purpose vehicle to eligible investors inside and outside Saudi Arabia.
Tier 2 capital is a type of capital instrument that provides a lower loss-absorption capacity compared with Tier 1 capital.
Tier 2 capital includes instruments such as subordinated loans, bonds, and other instruments issued by banks that meet specified regulatory criteria.
