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setting exemplary standards in ethics, transparency, integrity and honesty
sustainable financing
sustainable financing at alrajhi bank: a timeline
alrajhi bank’s approach to sustainable finance is based in Shariah-led Islamic principles, with social responsibility at its core. Furthermore, in line with its ESG strategy, the Saudi Vision 2030 and the King Salman Renewable Energy Initiative, the bank has played a key role in financing solar projects under the Kingdom’s Renewable Energy Project Development Office (REPDO). By financing these projects, the bank contributes towards providing economic stability, diversification of energy sources and fulfils the Kingdom’s commitments to lower its carbon footprint.
2022
1st transaction completed under the Sustainable Finance Framework
alrajhi bank successfully conducted a USD 1.165 Bn. 3-year dual tranche Sustainable Commodity Murabaha facility
2023
Successfully closed 1st USD Sustainable Sukuk issuance in international debt markets
alrajhi bank issued a USD 1 Bn. 5-year USD-denominated Sustainable Sukuk
The orderbook for the Sukuk peaked over USD 3.75 Bn.
Successfully concluded 2nd successive shariah-compliant syndication
alrajhi bank closed a USD 1.43 Bn. Senior Secured Syndicated loan facility
2024
1st issuance of USDdenominated AT1 Sukuk
alrajhi bank succeeded in offering the first sustainable additional capital (AT1) USD-denominated sukuk of USD 1 Bn. and a profit rate of 6.375% annually.
2nd issuance of Sustainable Sukuk in the USD
USD 1 Bn. 5-year
3rd successive shariah-compliant syndication
alrajhi bank conducted a USD 1.92 Bn. sustainable Senior Secured Syndicated loan facility