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Al-Ahli plans to recover $1.25B sukuk
The National Commercial Bank of Saudi Arabia announced its intention to redeem all remaining additional first-class sukuk denominated in US dollars, with a total value of $1.25 billion, on the first call date of July 26, 2026, after obtaining the necessary regulatory approvals. The redemption will cover all 6,250 sukuk issued in January 2021, each with a face value of $200,000, plus any accrued periodic distributions. Following the completion of the redemption, the sukuk will cease trading and their outstanding value will be considered zero.
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