Riyadh launches 5B Riyal Tier 1 Sukuk
Riyadh Bank has launched a new issuance of Additional Tier 1 Capital Sukuk, with an initial value of 5 billion Saudi riyals, aimed at strengthening its capital base. The offering period begins on July 21, 2026, and continues until August 3, 2026. The final value of the issuance will be determined based on market conditions at the end of the offering period. The sukuk are perpetual and do not have a fixed maturity date, offering a fixed return of 6.5% paid quarterly, with the possibility of redemption after five years. These sukuk target individual and institutional investors both within the Kingdom and abroad. They are unsecured obligations, ranked junior in the event of liquidation.
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