Logo ofBank Albilad
Bank Albilad plans to fully redeem its SAR 3 billion Tier 2 sukuk, which are due in 2031, at face value on April 15. 
In a statement to Tadawul, the bank said the 10-year sukuk were issued on April 15, 2021, and are due to mature in 2031.
Under the sukuk terms, Bank Albilad has the option to call the instruments on the date of distributing periodic returns on April 15, 2026. It has secured the necessary regulatory approvals.
Details of the Redeemed Sukuk
Type of Sukuk
Tier 2 sukuk denominated in SAR
Total Value
SAR 3 bln
Redemption Rate
100%
Total Redeemed Sukuk
3000
Issuance Date
April 15, 2021
Trading Suspension Date
April 15, 2026
Face Value at Redemption
SAR mln
Redemption Payment Date
April 15, 2026
Logo ofBank Albilad
Bank Albilad plans to fully redeem its SAR 3 billion Tier 2 sukuk, which are due in 2031, at face value on April 15.
In a statement to Tadawul, the bank said the 10-year sukuk were issued on April 15, 2021, and are due to mature in 2031.
Under the sukuk terms, Bank Albilad has the option to call the instruments on the date of distributing periodic returns on April 15, 2026. It has secured the necessary regulatory approvals.
Details of the Redeemed Sukuk
Type of Sukuk
Tier 2 sukuk denominated in SAR
Total Value
SAR 3 bln
Redemption Rate
100%
Total Redeemed Sukuk
3000
Issuance Date
April 15, 2021
Trading Suspension Date
April 15, 2026
Face Value at Redemption
SAR mln
Redemption Payment Date
April 15, 2026
