SAB: Launch of SAR Denominated Additional Tier 1 Sukuk

Saudi Awwal Bank (SAB) announced on Tuesday the launch of its SAR Denominated Additional Tier 1 Sukuk, noting that the offering period begins today, July 08, 2025, and ends on July 17, 2025.

According to the Bank, the minimum subscription amount is SAR 1 million, while the nominal value is SAR 1 million.

It is worth noting that the offering value, the offering price and the yield will be determined later based on market conditions at that time.

According to the statement published on Tadawul, the maturity of the Sukuk will be perpetual (without a maturity date), subject to the possibility of early redemption on the redemption date or as specified in the base prospectus and the applicable final terms of the Sukuk.

SAB also appointed HSBC Saudi Arabia as the sole lead manager for the offering and issuance of the Sukuk.

It is worth noting that the target group for the issuance is institutional and qualified clients in accordance with the rules for offering securities and continuing obligations issued by the Capital Market Authority (CMA)