Al-Arabi finalizes $750m sukuk tranche

The Arab National Bank has announced the successful issuance of Additional Tier 1 Capital Sukuk worth $750 million, targeted at investors both in Saudi Arabia and internationally. The issuance consists of 3,750 sukuk with a nominal value of $200,000 each, offering a fixed annual return of 6.5%. Settlement is expected to occur on September 9, 2026, and the bank has the right to recall the sukuk after five years from the issuance date, in accordance with the terms. The sukuk are listed on the London Stock Exchange and are governed by Regulation "S." They qualify as Additional Capital Instruments, supporting the bank’s financial strength and capital adequacy.

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