Al Rajhi Bank says sukuk’s final value, terms to be determined on market conditions
Al Rajhi Bank announced the launch of a USD-denominated Tier 2 social sukuk, issued through a special purpose vehicle (SPV) and offered to qualified investors inside and outside Saudi Arabia. 
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The bank said in a statement on Tadawul that the final value and terms of the sukuk issuance will be determined based on market conditions.
Offering Details
Item
Details
Type
USD-denominated Tier 2 social sukuk
Value
Based on market conditions
Start Date
Sept. 9, 2025
End Date
Sept. 10, 2025
Eligible Investors
Local and international qualified investors
Joint Lead Managers Bookrunners
Al Rajhi Capital, Crédit Agricole, Citigroup, DBS Bank, Goldman Sachs, HSBC, J.P. Morgan Securities, MUFG Securities EMEA, Natixis, Nomura International, and Standard Chartered
Minimum Subscription Limit
$200,000, with increments of $1,000
IssuePrice
To be determined based on market conditions
Par Value
$200,000
Return
To be determined based on market conditions
Maturity
10.5 years, callable after 5 years
Redemption Terms
The sukuk may be redeemed under certain circumstances as detailed in the sukuk offering document
Al Rajhi Bank stressed that the announcement does not constitute an invitation, offer, or recommendation to subscribe for or purchase any securities, and remains subject to the sukuk’s terms and conditions. The bank will announce any material developments in due course, in line with applicable regulations.
The sukuk will be listed on the London Stock Exchange’s International Securities Market and offered under Regulation S of the US Securities Act of 1933, as amended.
The bank added that the stated closing date is indicative and subject to market conditions.
Al Rajhi Bank says sukuk’s final value, terms to be determined on market conditions
Al Rajhi Bank announced the launch of a USD-denominated Tier 2 social sukuk, issued through a special purpose vehicle (SPV) and offered to qualified investors inside and outside Saudi Arabia.
For more news on listed companies
The bank said in a statement on Tadawul that the final value and terms of the sukuk issuance will be determined based on market conditions.
Offering Details
Item
Details
Type
USD-denominated Tier 2 social sukuk
Value
Based on market conditions
Start Date
Sept. 9, 2025
End Date
Sept. 10, 2025
Eligible Investors
Local and international qualified investors
Joint Lead Managers Bookrunners
Al Rajhi Capital, Crédit Agricole, Citigroup, DBS Bank, Goldman Sachs, HSBC, J.P. Morgan Securities, MUFG Securities EMEA, Natixis, Nomura International, and Standard Chartered
Minimum Subscription Limit
$200,000, with increments of $1,000
IssuePrice
To be determined based on market conditions
Par Value
$200,000
Return
To be determined based on market conditions
Maturity
10.5 years, callable after 5 years
Redemption Terms
The sukuk may be redeemed under certain circumstances as detailed in the sukuk offering document
Al Rajhi Bank stressed that the announcement does not constitute an invitation, offer, or recommendation to subscribe for or purchase any securities, and remains subject to the sukuk’s terms and conditions. The bank will announce any material developments in due course, in line with applicable regulations.
The sukuk will be listed on the London Stock Exchange’s International Securities Market and offered under Regulation S of the US Securities Act of 1933, as amended.
The bank added that the stated closing date is indicative and subject to market conditions.
