‎Al Rajhi Bank wraps up $600M T2 social sukuk issue

‎<p><img src="https://argaamplus.s3.amazonaws.com/372481ca-7e5b-42c3-a37e-57c35e5c7182.png"></p> <p class="ckeCaption" >Logo of Al Rajhi Bank</p> <hr> <p ><a href="https://www.argaam.com/en/tadawul/tasi/alrajhi" target="_blank">Al Rajhi Bank</a>completed a $600 million Tier 2 social capital sukuk offering.</p> <p ></p> <p >In a statement to <strong>Tadawul</strong>, the bank said the settlement of the issuance of the Trust Certificates will be on Sept. 10, 2026.</p> <p ></p> <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="2" > <p ><strong>Offering Details</strong></p> </td> </tr> <tr > <td > <p ><strong>Issue Type</strong></p> </td> <td > <p >USD-denominated Social Tier 2 Sukuk</p> </td> </tr> <tr > <td > <p ><strong>Offering Size</strong></p> </td> <td > <p >$600 million</p> </td> </tr> <tr > <td > <p ><strong>Total Number of Sukuk</strong></p> </td> <td > <p ><span >3,000 (based on minimum denomination and total issue size)</span></p> </td> </tr> <tr > <td > <p ><strong>Nominal Value</strong></p> </td> <td > <p >$200,000</p> </td> </tr> <tr > <td > <p ><strong>Return</strong></p> </td> <td > <p >6.232%</p> </td> </tr> <tr > <td > <p ><strong>Maturity</strong></p> </td> <td > <p >10.5 years, callable after 5.25 years</p> </td> </tr> <tr > <td > <p ><strong>Redemption Terms</strong></p> </td> <td > <p >The sukuk may be redeemed under certain circumstances, as detailed in the sukuk offering document</p> </td> </tr> <tr > <td > <p ><strong>Settlement date</strong></p> </td> <td > <p >Sept. 10, 2026</p> </td> </tr> </tbody> </table> <div ></div> <p >The bank added that the sukuk will be listed on the International Securities Market of the London Stock Exchange and may be sold pursuant to Regulation S under the amended US Securities Act of 1933.</p> <p ></p> <p >According to data available on <span ><strong>Argaam</strong></span>, the bank recently announced the launch of a USD-denominated Tier 2 social capital sukuk offering through a special purpose vehicle to eligible investors inside and outside Saudi Arabia.</p> <p ></p> <p >Tier 2 capital is a type of capital instrument that provides a lower loss-absorption capacity compared with Tier 1 capital.</p> <p ></p> <p >Tier 2 capital includes instruments such as subordinated loans, bonds, and other instruments issued by banks that meet specified regulatory criteria.</p>

Publication

Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements

Published

6th September 2026

Original report

argaam.com

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