alrajhi bank intends to issue U.S.-denominated sustainable Sukuk

alrajhi bank (the “Bank”) announced on Monday its intention to issue U.S. Dollar denominated sustainable Sukuk (the “Sukuk”) under its international Sukuk programme (the “Programme”). The offer is expected to be through a special purpose vehicle and by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally (the “Proposed Offer”).

The Bank has mandated Al Rajhi Capital Company, Abu Dhabi Commercial Bank PJSC, Abu Dhabi Islamic Bank PJSC, Citigroup Global Markets Limited, Dubai Islamic Bank P.J.S.C., Emirates NBD Capital Limited, First Abu Dhabi Bank PJSC, Goldman Sachs International, HSBC Bank plc, KFH Capital Investment Company K.S.C.C., SMBC Capital Markets Limited, Société Générale and Standard Chartered Bank as Joint Lead Managers & Bookrunners in relation to the Proposed Offer.

The Bank aims from this Purpose to fulfil the Bank’s financial and strategic objectives in accordance with the Bank’s Sustainable Finance Framework.

The offer of the sustainable Sukuk will be subject to the approval of the relevant regulatory authorities and will be made in compliance with applicable laws and regulations.