Riyad Bank completes offering of additional capital bonds worth two billion riyals

Riyad Bank announced the completion of a private offering of additional capital bonds from the first tranche denominated in riyals, with the value of the offering amounting to two billion riyals, with the total number (of bonds/bonds) being 8,000 bonds, while the nominal value (of bond/bond) is 250,000 riyals.

The bank’s management said in a statement today on “Tadawul” that the return on (bond/bond) is 6% (per year).

It explained that the maturity period of (bond/bond) is perpetual bonds (subject to early redemption on the call date or as specified in the basic offering document and the applicable final conditions related to the bonds).

Regarding the conditions of redemption eligibility, it continued: “The bonds are perpetual securities and therefore do not have a fixed or final redemption date. However, the bonds may be redeemed in certain cases as detailed in the basic offering document and the applicable final conditions related to the bonds.”

This comes in reference to the announcement of Riyad Bank published on the Saudi Stock Exchange website on 7/7/1446H (corresponding to 7/1/2025G) regarding the commencement of the offering of additional Tier 1 capital sukuk denominated in Saudi riyals (“the Sukuk”) through a private placement within the Kingdom under its program for additional Tier 1 capital sukuk worth 10 billion riyals.