Logo ofSaudi Investment Bank (SAIB)
Saudi Investment Bank (SAIB) began issuing SAR-denominated Additional Tier 1 (AT1) sukuk under its AT1 sukuk issuance program. 
The issuance is expected to be conducted through a private placement to qualified investors within Saudi Arabia.
The final size and terms of the sukuk will be determined later based on market conditions.
Offering Summary
Issue Type
SAR-denominated AT1 sukuk
Offer Value
To be determined based on market conditions
Offering Start Date
April 8, 2026
Offering End Date
May 7, 2026
Target Classes
Qualified investors in Saudi Arabia
Issuance Manager
Alistithmar Capital and Al Rajhi Capital as joint lead managers and bookrunners
Subscription Minimum Limit
SAR 1 mln
Offering Price
Subject to market conditions.
Par Value
SAR 1 mln
Return
Subject to market conditions.
Maturity
Perpetual (no fixed maturity date), with the option for early redemption on the first call date or as specified in the base prospectus and the applicable final terms of the sukuk.
Terms of Redemption
The sukuk are perpetual and have no specified maturity. However, they may be redeemed early by the bank under certain conditions, as detailed in the base prospectus and the applicable final terms.
The bank stressed that the announcement does not constitute an invitation or offer to purchase, acquire, or subscribe to any securities, and remains subject to the sukuk’s terms and conditions.
It added that any relevant material developments will be disclosed to shareholders in due course.
Logo ofSaudi Investment Bank (SAIB)
Saudi Investment Bank (SAIB) began issuing SAR-denominated Additional Tier 1 (AT1) sukuk under its AT1 sukuk issuance program.
The issuance is expected to be conducted through a private placement to qualified investors within Saudi Arabia.
The final size and terms of the sukuk will be determined later based on market conditions.
Offering Summary
Issue Type
SAR-denominated AT1 sukuk
Offer Value
To be determined based on market conditions
Offering Start Date
April 8, 2026
Offering End Date
May 7, 2026
Target Classes
Qualified investors in Saudi Arabia
Issuance Manager
Alistithmar Capital and Al Rajhi Capital as joint lead managers and bookrunners
Subscription Minimum Limit
SAR 1 mln
Offering Price
Subject to market conditions.
Par Value
SAR 1 mln
Return
Subject to market conditions.
Maturity
Perpetual (no fixed maturity date), with the option for early redemption on the first call date or as specified in the base prospectus and the applicable final terms of the sukuk.
Terms of Redemption
The sukuk are perpetual and have no specified maturity. However, they may be redeemed early by the bank under certain conditions, as detailed in the base prospectus and the applicable final terms.
The bank stressed that the announcement does not constitute an invitation or offer to purchase, acquire, or subscribe to any securities, and remains subject to the sukuk’s terms and conditions.
It added that any relevant material developments will be disclosed to shareholders in due course.
