Logo of Bank AlJazira
Bank AlJazira started today, June 14, the offer of SAR-denominated Additional Tier 1 (AT1) sukuk by way of private placement, according to a statement to Tadawul.
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Sukuk Details |
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Issuance type |
SAR-denominated AT1 sukuk |
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Value |
Offer value and terms will be determined based on market conditions |
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Start date |
June 14, 2023 |
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End date |
July 13, 2023 |
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Target group |
Institutional and qualified investors (based on the CMA’s Rules on the Offer of Securities and Continuing Obligations) |
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Minimum subscription |
SAR 1 mln |
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Offer price per sakk |
It will be set based on market conditions |
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Par value |
SAR 1 mln |
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Return |
It will be set based on market conditions |
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Lead manager |
AlJazira Capital |
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Maturity |
Perpetual (The bank can redeem sukuk on a specific date or as specified in terms and conditions) |
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Redemption terms |
The sukuk can be redeemed in certain cases as detailed in the offering circular |
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