Al-Ahly plans to recover $1.25 billion sukuk
The National Commercial Bank of Saudi Arabia intends to repurchase additional first-category sukuk totaling $1.25 billion, in line with its commitment to fulfilling the issuance conditions that were executed in January 2021. The full redemption of these sukuk will be completed by July 26, 2026, during which 6,250 bonds with a par value of $200,000 each will be repurchased. Trading of these sukuk will be halted on the same date, and the amounts will be deposited into the holders' accounts the following day. The bank is one of the largest financial institutions in Saudi Arabia, with the Public Investment Fund holding the majority of its capital.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)