Al-Rajhi completes $600m social sukuk issuance
Al Rajhi Bank announced the completion of a second-tranche social sukuk issuance worth $600 million, denominated in US dollars, as part of its international issuance program. The sukuk are listed on the London Stock Exchange. They consist of 3,000 certificates with a nominal value of $200,000 each, offering an annual return of 6.232%. The maturity period is 10.5 years, with early redemption possible after 5.25 years. The issuance aims to strengthen the bank's capital and finance social initiatives. Settlement is scheduled for September 10, 2026, in accordance with US and European regulatory frameworks.
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