First tranche of Al Rajhi Bank Sukuk to list, trade today

06/12/2022 Argaam
Al Rajhi Bank tower

Al Rajhi Bank tower

The first tranche of Al Rajhi Bank Sukuk will be listed and traded on the Saudi Exchange (Tadawul) as of today, Dec. 6, with the symbol 1113 and ISIN Code SA15L00GHCJ9.

 

 Al Rajhi Capital announced the full settlement of the first tranche of SAR-denominated Tier 1 Sukuk, at SAR 10 billion with allocation rate of 100% for individuals.

 

Issue Details

Type of Issue

SAR-denominated Tier 1 Sukuk

Value of Offering

SAR 10 bln

Total No. of Bonds/Sukuk

10 mln

Par Value

SAR 1,000 each

Return

5.50% per annum fixed rate payable quarterly, starting from the settlement date (Nov. 16, 2022)

Maturity

Perpetual

Terms of Redemption

The Sukuk may be redeemed by Al Rajhi Bank in certain cases

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