Riyadh bank issued SAR 4bn of Sukuk

07/11/2013 Tadawul

Riyadh bank announced today on tadawul the issuance of a SAR 4bn sukuk on 6 November, 2013.

The sukuk has a 7 years maturity, and callable at the end of the fifth year.


The yield on these sukuk is 3 months SIBOR + 0.68%.


This issuance aims at diversifying the bank’s financing sources, extending the maturity of its funding and supporting the financing of sharia-compliant business.

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