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Aljazira to Redeem Sukuk
Bank Aljazira intends to redeem all of its Tier 2 sukuk, valued at SAR 2 billion and divided into 2,000 sukuk, on December 8, 2026—before their original maturity date in December 2031—subject to obtaining regulatory approvals. Holders will receive 100% of the sukuk’s face value, plus any distributions accrued but unpaid up to the redemption date. Trading in the sukuk will then be suspended, and the issuance value reduced to zero.
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