alrajhi bank Completes $1 Billion Additional Tier 1 Sukuk Issuance

alrajhi bank announced on Thursday that it has completed the issuance of U.S. dollar-denominated social Additional Tier 1 capital Sukuk under its international AT1 sukuk programme, with a total size of $1 billion.

According to the Bank statement on Tadawul, the Sukuk carry a profit rate of 6.15% per annum, adding that the Sukuk may be redeemed in certain cases as detailed in the relevant offering circular.