Al Rajhi finalizes $600m social sukuk issuance

Al Rajhi Bank announced the completion of its issuance of international Tier 2 sukuk worth $600 million, denominated in US dollars. The issuance consisted of 3,000 sukuk with a nominal value of $200,000 each, offering an annual return of 6.232%, with a maturity period of 10.5 years and the possibility of redemption after 5.25 years. The issuance will settle on September 10, 2026, and will be listed on the London Stock Exchange in accordance with US regulations, with the aim of supporting the bank's capital and financing social impact initiatives.

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