Al-Ahly plans to buy $1.25B bonds
AlAhli Bank of Saudi Arabia announced its intention to redeem the entire First Tier Sukuk denominated in U.S. dollars, with a total value of up to $1.25 billion, on July 26, 2026, following regulatory approvals. The process involves redeeming all 6,250 sukuk at a price equal to 100% of the nominal value, along with the payment of any dividends accrued up to the redemption date. This step is part of the bank's ongoing management of its capital structure and financial commitments.
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