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'Al-Arabi' starts issuing dollar sukuk
Al Rajhi Bank announced the launch of an issuance of Additional Tier 1 Capital Sukuk denominated in US dollars, as part of its international program. The issuance is available to both local and international investors through a Special Purpose Vehicle. The offering period will begin on September 2, 2026, and will close on September 3, 2026, with the option to redeem the sukuk after five years from the date of issuance. The minimum subscription amount is $200,000, and the final amount and yield will be determined based on market conditions. The sukuk will be listed on the London Stock Exchange in accordance with U.S. Regulation S. These are perpetual securities used to raise the bank’s capital.
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