ANB completes issuance of SAR 3.35B sukuk

04/02/2025 Argaam
Logo ofArab National Bank (ANB)

Logo of Arab National Bank (ANB)

Arab National Bank (ANB) completed the issuance of SAR-denominated additional Tier 1 sukuk through a private placement in Saudi Arabia, under its SAR 11.25 billion additional Tier 1 capital sukuk program, at a value of SAR 3.35 billion.

 

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In a statement on Tadawul, the lender said that the settlement of the sukuk issuance will be on Feb. 3, 2025.

 

Sukuk Issuance Details

Offer Type

Private placement of SAR-denominated additional Tier 1 capital sukuk

Offer Value

SAR 3.35 bln

Total Number of Sukuk

3,350 

Par Value

SAR 1 mln

Sukuk Return

6.20% annually

Maturity

Perpetual (subject to early redemption on a call date or as otherwise specified in the base offering circular and the applicable final terms relating to the sukuk)

Terms of Redemption       

The sukuk are perpetual securities and accordingly do not have a fixed or final redemption date. However, they may be redeemed in certain cases as detailed in the base offering circular and the applicable final terms in relation to the sukuk.
 

According to data available with Argaam, ANB announced in January a plan to issue SAR-denominated additional Tier 1 sukuk through a private placement in Saudi Arabia under its SAR 11.25 billion Tier 1 sukuk program.

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