One of Bank Albiladbranches
Bank Albilad started today, May 15, a USD-denominated additional Tier 1 sukuk issuance. 
The offering will end on May 16, according to a Tadawul statement.
Sukuk Issuance Details
Offer Type
USD-denominated additional Tier 1 Sukuk
Offer Value
To be determined as per market conditions
Start Date
May 15, 2025
End Date
May 16, 2025
Target Class
Qualified investors locally and internationally
Lead Manager
HSBC Bank, Albilad Capital, Goldman Sachs International, and Emirates NBD Bank, as joint lead managers
Minimum Subscription Limit
$200,000 with increments in multiples of $ 1,000
Offer Price
Subject to market conditions
Par Value
$ 200,000
Sukuk Return
Subject to market conditions
Maturity
Perpetual (without a fixed or final redemption date)
Terms of Redemption
The bank may redeem the sukuk in certain cases as detailed in the base-offering circular, the supplement base offering circular, and the applicable final terms relating to the sukuk.
This announcement is not intended as an invitation or offer to purchase, acquire, or subscribe to any securities, the bank said, adding that it will announce any other relevant material developments in due course as required by the relevant rules and regulations.
For more news on listed companies
The sukuk will be offered, sold, and delivered only outside the US in offshore transactions to non-US persons in reliance on Regulation S under the US Securities Act of 1933, as amended.
The offering end date referred to above is the expected end date, subject to market conditions.
According to data available with Argaam, Bank Albilad announced plans, on May 13, to issue additional Tier 1 sukuk denominated in US dollars through a private placement in Saudi Arabia and internationally under its $2 billion Tier 1 sukuk program.
One of Bank Albiladbranches
Bank Albilad started today, May 15, a USD-denominated additional Tier 1 sukuk issuance.
The offering will end on May 16, according to a Tadawul statement.
Sukuk Issuance Details
Offer Type
USD-denominated additional Tier 1 Sukuk
Offer Value
To be determined as per market conditions
Start Date
May 15, 2025
End Date
May 16, 2025
Target Class
Qualified investors locally and internationally
Lead Manager
HSBC Bank, Albilad Capital, Goldman Sachs International, and Emirates NBD Bank, as joint lead managers
Minimum Subscription Limit
$200,000 with increments in multiples of $ 1,000
Offer Price
Subject to market conditions
Par Value
$ 200,000
Sukuk Return
Subject to market conditions
Maturity
Perpetual (without a fixed or final redemption date)
Terms of Redemption
The bank may redeem the sukuk in certain cases as detailed in the base-offering circular, the supplement base offering circular, and the applicable final terms relating to the sukuk.
This announcement is not intended as an invitation or offer to purchase, acquire, or subscribe to any securities, the bank said, adding that it will announce any other relevant material developments in due course as required by the relevant rules and regulations.
For more news on listed companies
The sukuk will be offered, sold, and delivered only outside the US in offshore transactions to non-US persons in reliance on Regulation S under the US Securities Act of 1933, as amended.
The offering end date referred to above is the expected end date, subject to market conditions.
According to data available with Argaam, Bank Albilad announced plans, on May 13, to issue additional Tier 1 sukuk denominated in US dollars through a private placement in Saudi Arabia and internationally under its $2 billion Tier 1 sukuk program.
