Riyadh - Mubasher: Al Rajhi Bank commenced the issuance of US dollar-denominated Tier 2 social sukuk on 3 September 2026, under its international sukuk program.

The offering, conducted through a special purpose vehicle, is available to qualified investors within the Kingdom of Saudi Arabia and internationally.

The bank specified a minimum subscription amount of 200,000 with incremental increases of 1,000. The sukuk carry a maturity period of ten and a half years, with a provision allowing for redemption after 5.25 years subject to specific conditions detailed in the offering documents.

The final value, price, and return of the issuance will be determined based on prevailing market conditions.

Al Rajhi Bank has appointed a syndicate of managers for the transaction, including Al Rajhi Capital, Arqaam Capital Limited, Banco Bilbao Vizcaya Argentaria, S.A., Citigroup Global Markets Limited, Intesa Sanpaolo S.p.A., Morgan Stanley & Co. International plc, SMBC Bank International plc, Standard Chartered Bank, and Warba Bank.

The offering is expected to conclude on 4 September, and the instruments will be listed on the London Stock Exchange’s international market.