Aljazira Bank to issue dollar sukuk

Aljazira Bank intends to issue dollar-denominated contingent capital sukuk to strengthen its core capital, with the issuance's amount and terms to be determined later based on market conditions. At the same time, the bank has appointed several managers for a potential offering, while continuing to adhere to market regulations. Additionally, it has increased dividends paid to Saudi shareholders to 4%. The bank also reported a quarterly profit of 405 million SAR, with revenues of 1.72 billion SAR, reflecting annual growth rates. Currently, the bank has a market value of 15 billion SAR.

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