Data News > Bank Aljazira Launches Saudi Riyal Denominated Additional Tier 1 Sukuk Offering
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Bank Aljazira Launches Saudi Riyal Denominated Additional Tier 1 Sukuk Offering
By KlickAnalytics Data Insights | December 26, 2024 01:06AM ET
- The bank announced the start of issuing additional tier 1 Sukuk denominated in Saudi Riyals
- The offering will be open to institutional and qualified clients
- AlJazira Capital, Al Rajhi Capital, and HSBC Saudi Arabia have been appointed as joint lead managers and dealers for the issuance
Bank AlJazira has officially commenced the offer of Saudi Riyal denominated additional tier 1 Sukuk under its SAR 5,000,000,000 Additional Tier 1 Capital Sukuk Issuance Programme. The offering, which started on December 26, 2024, is expected to end on January 8, 2025.
The bank has designated AlJazira Capital, Al Rajhi Capital, and HSBC Saudi Arabia as Joint Lead Managers and Dealers for the issuance. The minimum subscription for the Sukuk is set at one million Saudi Riyals (SAR 1,000,000), with the offering price and return subject to market conditions.
Investors looking to participate in this offering should take note that this announcement is not an invitation to purchase or subscribe to any securities. Any further updates or material developments will be communicated to shareholders as required by regulatory guidelines.
Overall, Bank Aljazira's move to issue additional tier 1 Sukuk denominated in Saudi Riyals marks a significant development in the financial landscape, offering new investment opportunities for its clientele.
- The offering will be open to institutional and qualified clients
- AlJazira Capital, Al Rajhi Capital, and HSBC Saudi Arabia have been appointed as joint lead managers and dealers for the issuance
Bank AlJazira has officially commenced the offer of Saudi Riyal denominated additional tier 1 Sukuk under its SAR 5,000,000,000 Additional Tier 1 Capital Sukuk Issuance Programme. The offering, which started on December 26, 2024, is expected to end on January 8, 2025.
The bank has designated AlJazira Capital, Al Rajhi Capital, and HSBC Saudi Arabia as Joint Lead Managers and Dealers for the issuance. The minimum subscription for the Sukuk is set at one million Saudi Riyals (SAR 1,000,000), with the offering price and return subject to market conditions.
Investors looking to participate in this offering should take note that this announcement is not an invitation to purchase or subscribe to any securities. Any further updates or material developments will be communicated to shareholders as required by regulatory guidelines.
Overall, Bank Aljazira's move to issue additional tier 1 Sukuk denominated in Saudi Riyals marks a significant development in the financial landscape, offering new investment opportunities for its clientele.
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