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Al-Jazira Bank plans $500M sukuk redemption
Al Jazeera Bank has announced its intention to redeem in full the first tranche sukuk valued at 500 million US dollars, denominated in US dollars, on June 29, 2026, contingent upon obtaining regulatory approvals. The redemption will be executed at its full nominal value, with any unpaid periodic distributions settled, and trading of the sukuk will cease starting from the redemption date. This step is part of the bank's capital management and funding tools plan, five years after the issuance of the sukuk.
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