Aljazira Bank issues $1.5B Tier 1 sukuk
Aljazira Bank has announced an additional Tier 1 capital sukuk issuance valued at up to USD 1.5 billion. The sukuk will be issued in US dollars, with the final amount and issuance terms determined according to market conditions. The offering begins on June 17, 2026, and continues until June 18, 2026, though these dates may be subject to change. The offering targets qualified investors both within the Kingdom and internationally. Several international financial institutions are participating in the subscription. The nominal value of each sukuk is USD 200,000, with a minimum subscription amount of USD 200,000. The sukuk will be listed on the London Stock Exchange and may be sold in accordance with U.S. regulations. They are perpetual and redeemable after five years.
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