Logo ofBank AlJazira
Bank AlJazira intends to issueSAR-denominated additional Tier 1 sukuk(AT1) under its SAR 5 billion AT1 sukuk program. 
The bank said the offering aims to strengthen its Tier 1 capital and support general corporate purposes.
In a Tadawul filing, AlJazira Bank said the issuance is expected to be conducted through a private placement to qualified investors within Saudi Arabia.
The bank appointed AlJazira Capital and Al Rajhi Capital as joint lead managers and bookrunners for the potential offering.
It added that the final size and terms of the sukuk will be determined later based on market conditions.
The bank noted that the offering is subject to regulatory approvals where applicable and will comply with relevant rules and regulations. Any material developments will be announced in due course.
Logo ofBank AlJazira
Bank AlJazira intends to issueSAR-denominated additional Tier 1 sukuk(AT1) under its SAR 5 billion AT1 sukuk program.
The bank said the offering aims to strengthen its Tier 1 capital and support general corporate purposes.
In a Tadawul filing, AlJazira Bank said the issuance is expected to be conducted through a private placement to qualified investors within Saudi Arabia.
The bank appointed AlJazira Capital and Al Rajhi Capital as joint lead managers and bookrunners for the potential offering.
It added that the final size and terms of the sukuk will be determined later based on market conditions.
The bank noted that the offering is subject to regulatory approvals where applicable and will comply with relevant rules and regulations. Any material developments will be announced in due course.
