Logo ofBank AlJazira
The final offering size and issuance terms will be determined based on market conditions, the lender said in a statement to Tadawul. 
The offering commenced on Nov. 5 and is expected to run until Dec. 6. The closing date is indicative and subject to market conditions.
The minimum subscription amount is SAR 1 million, and each sukuk has a nominal value of SAR 1 million.
The sukuk will have a 10-year maturity and may be redeemed after five years. The offering price and yield will be determined based on market conditions.
Bank AlJazira appointed AlJazira Capital and Al Rajhi Capital as joint lead managers and bookrunners for the issuance.
The bank added that the sukuk may be redeemed in certain circumstances, subject to the terms set out in the base offering memorandum.
Offering Details
Item
Details
Issuance Type
Tier 2 capital sukuk
Currency
SAR
Offering Method
Private placement
Target Investors
Qualified investors in Saudi Arabia
Program Size
SAR 3 bln
Offering Size
To be determined based on market conditions
Offering Start Date
Nov. 5, 2026
Expected Closing Date
Dec. 6, 2026
Minimum Subscription
SAR 1 mln
Sukuk Nominal Value
SAR 1 mln
Maturity
10 years
Redemption Option
After 5 years
Yield
To be determined based on market conditions
Lead Managers
AlJazira Capital and Al Rajhi Capital
According to Argaam data, Bank AlJazira announced today its intention to issue SAR-denominated Tier 2 capital sukuk under its SAR 3 billion Tier 2 capital sukuk issuance program.
Logo ofBank AlJazira
The final offering size and issuance terms will be determined based on market conditions, the lender said in a statement to Tadawul.
The offering commenced on Nov. 5 and is expected to run until Dec. 6. The closing date is indicative and subject to market conditions.
The minimum subscription amount is SAR 1 million, and each sukuk has a nominal value of SAR 1 million.
The sukuk will have a 10-year maturity and may be redeemed after five years. The offering price and yield will be determined based on market conditions.
Bank AlJazira appointed AlJazira Capital and Al Rajhi Capital as joint lead managers and bookrunners for the issuance.
The bank added that the sukuk may be redeemed in certain circumstances, subject to the terms set out in the base offering memorandum.
Offering Details
Item
Details
Issuance Type
Tier 2 capital sukuk
Currency
SAR
Offering Method
Private placement
Target Investors
Qualified investors in Saudi Arabia
Program Size
SAR 3 bln
Offering Size
To be determined based on market conditions
Offering Start Date
Nov. 5, 2026
Expected Closing Date
Dec. 6, 2026
Minimum Subscription
SAR 1 mln
Sukuk Nominal Value
SAR 1 mln
Maturity
10 years
Redemption Option
After 5 years
Yield
To be determined based on market conditions
Lead Managers
AlJazira Capital and Al Rajhi Capital
According to Argaam data, Bank AlJazira announced today its intention to issue SAR-denominated Tier 2 capital sukuk under its SAR 3 billion Tier 2 capital sukuk issuance program.
