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Al-Arabi Starts International Dollar Sukuk
The Arab National Bank has announced the launch of an offering of Additional Tier 1 Capital Sukuk in US dollars, as part of its international program, to investors both within and outside the Kingdom through a Special Purpose Vehicle. The offering period will run from September 2 to September 3, 2026, with a flexible margin depending on market conditions. The final value of the yield and the offering price will be determined at closing. The sukuk will be perpetual with the option to redeem after five years. The minimum subscription amount is $200,000. The sukuk will be listed on the London Stock Exchange in accordance with U.S. securities law, with the participation of several global financial institutions as investors and underwriters.
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