22 Safar 1447 - 16 August 2025
    
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Eye of Dubai
Business & Money | Monday 13 May, 2024 8:25 am |
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Al Rajhi Bank completes issuing $1B Sukuk

Al Rajhi Bank completed the issuance of USD-denominated additional tier-1 capital sukuk, totaling $1 billion.

 

In a statement to Tadawul, the bank said the total number of sukuk is 5,000 (based on the minimum denomination and total issue volume), with each sukuk having a nominal value of $200,000.

 

The settlement date for the sukuk issuance is scheduled for May 16, 2024, the statement added.

 

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