Al-Ahli Saudi Plans to Recover $1.25B Sukuk

The Saudi National Bank announced its intention to redeem additional Tier 1 sukuk totaling $1.25 billion. All 6,250 sukuk, each with a nominal value of $200,000, will be called on July 26, 2026, with the amounts deposited into the sukukholders' accounts the following day. This move is part of the bank's commitment to fulfilling the terms of the sukuk issuance made in January 2021, and the issuance is considered fully settled with a total value of zero.

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