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Al-Jazira Bank finalizes $500M Sukuk issuance
AlJazira Bank has announced the completion of the issuance of Additional Tier 1 Capital Sukuk amounting to $500 million, aimed at strengthening its capital base and meeting growth requirements. The issuance involves the offering of 2,500 sukuk with a nominal value of $200,000 each, bearing a fixed annual return of 6.50%, with the bank’s right to redeem after five years. The securities will be listed on the London Stock Exchange as part of a program with a total size of $1.5 billion.
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