Logo ofArab National Bank (ANB)
Arab National Bank (ANB)announced its intention to recall the $750 million fixed rate reset Tier 2 trust certificates due 2030 in full, at face value or 100% of issue price at the end of the fifth year, Oct. 28, 2025. 
In a statement toTadawul, the bank said that the sukuk was issued on Oct. 28, 2020 for an aggregate value of $750 million with an original maturity of 10 years due on Oct. 28, 2030. In accordance with the sukuk’s terms and conditions, ANB may require ANB Sukuk Limited as issuer to recall the sukuk on Oct. 28, 2025. Regulatory approval has already been obtained in this regard.
The redemption amount together with any periodic distribution accrued but unpaid will be paid by or on behalf of ANB Sukuk Limited on Oct. 28, 2025, to the relevant holders of the sukuk, in accordance with the terms and conditions, the bank added.
Details of Redeemed Sukuk
Sukuk Type
US-dollar denominatedInternational Tier 2 Sukuk
Sukuk Value
$750 mln
Redemption Ratio
100%
Total Number of Sukuk
3,750(based on the minimum denomination and total size)
Issue Date
Oct. 28, 2020
Trading End Date
Redemption date (Oct. 28, 2025)
Nominal Value
per Sak at Redemption
$200,000
Date of Depositing the Amounts
in the Sukuk Holders Accounts
Oct. 28, 2025
Logo ofArab National Bank (ANB)
Arab National Bank (ANB)announced its intention to recall the $750 million fixed rate reset Tier 2 trust certificates due 2030 in full, at face value or 100% of issue price at the end of the fifth year, Oct. 28, 2025.
In a statement toTadawul, the bank said that the sukuk was issued on Oct. 28, 2020 for an aggregate value of $750 million with an original maturity of 10 years due on Oct. 28, 2030. In accordance with the sukuk’s terms and conditions, ANB may require ANB Sukuk Limited as issuer to recall the sukuk on Oct. 28, 2025. Regulatory approval has already been obtained in this regard.
The redemption amount together with any periodic distribution accrued but unpaid will be paid by or on behalf of ANB Sukuk Limited on Oct. 28, 2025, to the relevant holders of the sukuk, in accordance with the terms and conditions, the bank added.
Details of Redeemed Sukuk
Sukuk Type
US-dollar denominatedInternational Tier 2 Sukuk
Sukuk Value
$750 mln
Redemption Ratio
100%
Total Number of Sukuk
3,750(based on the minimum denomination and total size)
Issue Date
Oct. 28, 2020
Trading End Date
Redemption date (Oct. 28, 2025)
Nominal Value
per Sak at Redemption
$200,000
Date of Depositing the Amounts
in the Sukuk Holders Accounts
Oct. 28, 2025
