Riyad Bank Announces Intention to Issue US Dollar-Denominated Tier 2 Trust Certificates

Riyad Bank announced on Thursday its intention to issue US dollar-denominated Tier 2 Trust Certificates under its International Trust Certificate Issuance Programme, which was updated by the bank on May 16, 2025. This is based on a resolution by the Board of Directors.

According to a statement on Tadawul, the issuance is expected to be issued through a special purpose vehicle and offered to eligible investors inside and outside the Kingdom. The value and terms of the Trust Certificates offering will be determined based on market conditions.

The Bank indicated that it has appointed Standard Chartered Bank, HSBC Bank plc, Merrill Lynch International, J.P.Morgan Securities plc, SMBC Group, Mizuho International plc, DBS Bank Ltd, and Riyad Capital as Joint Lead Managers for the potential offering.