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Al -Rajhi Bank announced the start of launching instruments from the second social segment based in dollars through a company with a special purpose, and put it on qualified investors inside and outside the Kingdom of Saudi Arabia.
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The bank said in a statement to Tadawul, that the final value and conditions for offering the sukuk will be determined based on market conditions.
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Details of the offering
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Issue type
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Sukuk from the second social tranche based in dollars
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The value of the offering
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The final value and conditions for offering sukuk will be determined based on market conditions
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The beginning of the offering
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September 9, 2025
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The end of the offering
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September 10, 2025
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The target category of version
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Qualified investors in the Kingdom of Saudi Arabia and abroad
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The authority responsible for the issuance management
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The bank appointed: Al -Rajhi Financial Company, Credit Agricole Bank for Corporate and Investment, City Group Global Markets Limited, Limited DBS Bank, Goldman Sachs International, HSBCLC, GB Morgan CITITESES BLC, MUFG CISIMEAPLC International BLC, Standard Chartered Bank.
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The minimum subscription
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200 thousand dollars with $ 1,000 increases
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The offering price
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It is determined according to the market conditions
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Nominal value
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200 thousand dollars
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Revenue
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It is determined according to the market conditions
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The period of entitlement
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10.5 years, and it may be recovered after 5 years
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Conditions for recovery
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Sukuk may be recovered in certain cases, according to what is detailed in the offering document related to the sukuk
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He stated that This announcement does not constitute an invitation, offer to buy, own or subscribe to any securities, and is subject to the terms and conditions of the sukuk, indicating that he will announce any other fundamental developments at the time in accordance with the relevant regulations and regulations.
He added that Sukuk will be included in the International Financial Stock Exchange market, and can be sold under the S regulation (Regulation S) From the amended US Securities Law for the year 1933.
He pointed out that the date of the end of the proposal referred to the above is an expected date and is subject to the conditions of the market.
According to the available data on numbersAl -Rajhi Bank announced yesterday, Monday, its intention to issue sukuk from the second social tranche based in dollars, according to its international program for issuing the updated sukuk.
The second segment of the capital is a type of capital tool that provides a lower ability to contain losses compared to the capital from the first segment.
The second segment includes tools such as secondary loans, bonds and other tools issued by the bank and meet the specific regulatory standards.
Social instruments are innovative financial tools that are compatible with Islamic law, aimed at financing and supporting projects with social impact and sustainable development.
