Banque Saudi Fransi (BSF) set payment date on Nov. 3, 2025
Banque Saudi Fransi (BSF) announced plans to redeem its additional Tier 1 capital sukuk worth SAR 5 billion, on Nov. 3, 2025, in full, at face value. 
In a statement to Tadawul, the bank said that the sukuk were issued on Nov. 3, 2020, in the aggregate face amount of SAR 5 billion, qualifying as additional Tier 1 capital in accordance with the Saudi Central Bank (SAMA) regulations.
BSFdecidedto redeem the sukuk, at the first contractual call date (Nov. 3,2020), where the face value of the sukuk and any periodicdividendspayable (for the period ending, but excluding Nov. 3, 2025),will be transferred to sukuk holders on the same date based on their respective holdings on Oct. 19, 2025.
The bank obtained the required regulatory approval in this regard.
Sukuk Details
Type
SAR-denominated additional Tier 1 sukuk
Value
SAR 5 bln
Redemption Ratio
100 %
No. of Redeemed Sukuk
5,000
Issuance Date
Nov. 3, 2020
Trading End Date
Nov. 3, 2025
Nominal Value at Redemption
SAR 1 mln/sak
Payment Date
Nov. 3, 2025
Saudi Fransi Capital, inits capacity as payment administrator and sukuk holders’agent,will be responsible for depositing the amounts into sukuk holders accounts, the statement added.
Banque Saudi Fransi (BSF) set payment date on Nov. 3, 2025
Banque Saudi Fransi (BSF) announced plans to redeem its additional Tier 1 capital sukuk worth SAR 5 billion, on Nov. 3, 2025, in full, at face value.
In a statement to Tadawul, the bank said that the sukuk were issued on Nov. 3, 2020, in the aggregate face amount of SAR 5 billion, qualifying as additional Tier 1 capital in accordance with the Saudi Central Bank (SAMA) regulations.
BSFdecidedto redeem the sukuk, at the first contractual call date (Nov. 3,2020), where the face value of the sukuk and any periodicdividendspayable (for the period ending, but excluding Nov. 3, 2025),will be transferred to sukuk holders on the same date based on their respective holdings on Oct. 19, 2025.
The bank obtained the required regulatory approval in this regard.
Sukuk Details
Type
SAR-denominated additional Tier 1 sukuk
Value
SAR 5 bln
Redemption Ratio
100 %
No. of Redeemed Sukuk
5,000
Issuance Date
Nov. 3, 2020
Trading End Date
Nov. 3, 2025
Nominal Value at Redemption
SAR 1 mln/sak
Payment Date
Nov. 3, 2025
Saudi Fransi Capital, inits capacity as payment administrator and sukuk holders’agent,will be responsible for depositing the amounts into sukuk holders accounts, the statement added.
