Arab National Bank has completed the issuance of Additional Tier 1 Capital Sukuk denominated in Saudi Riyals, with a total value of SAR 3.3 billion. The Sukuk were settled on February 3, 2025.
Key Issuance Details:
- Total Issued Sukuk: 3,350
- Annual Yield: 6.20%
- Nominal Value per Sukuk: SAR 1 million
- Maturity Period: Perpetual (No fixed maturity date)
According to the announcement on Tadawul, the Sukuk are subject to early redemption on the call date or as specified in the offering documents and final terms.
This issuance follows the bank’s previous disclosure on January 16, 2025, regarding the launch of its SAR 11.25 billion Additional Tier 1 Capital Sukuk Program through a private offering in Saudi Arabia.
