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Al-Rajhi to issue dollar-denominated social sukuk in second tranche
Al Rajhi Bank has announced its intention to issue Tier 2 social sukuk denominated in US dollars, as part of its international sukuk issuance program, following the necessary regulatory approvals. The offering will target qualified investors both within Saudi Arabia and abroad through a special purpose vehicle, in accordance with the updated program dated June 17, 2026. The underwriting process involves a group of local and international financial institutions, including Al Rajhi Financial, Arqaam Capital, Standard Chartered, and Morgan Stanley. The final issuance amount and terms will be determined based on market conditions and are subject to regulatory approval. It is emphasized that this announcement does not constitute an invitation to subscribe but merely indicates the potential issuance intent.
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