SNB plans to fully redeem SAR 2B Tier 1 sukuk

Saudi National Bank (SNB) plans to redeem SAR 2 billion Tier 1 sukuk in full, at par value (100% of issue price) on July 15, the tenth anniversary of the issue, according to a Tadawul statement.

SNB obtained the necessary regulatory approvals in this regard, it noted.

The redemption amount, together with any periodic distribution accrued but unpaid, will be paid by or on behalf of SNB on July 15, 2025, to the relevant sukukholders in accordance with the relevant terms and conditions.

Details of the Redeemed Sukuk

SNB Capital is the payment administrator and sukukholder agent.