Logo of Al Rajhi Bank
Al Rajhi Bank announced today, Jan. 3, the commencement of the offer of its SAR-denominated Tier 1 Sukuk by way of a private placement in Saudi Arabia.
The bank said in a bourse filing that the amount and terms of offer of the Sukuk will be determined subject to the market conditions.
Sukuk Details | |
Offer type | SAR denominated Tier 1 Sukuk |
Value of offer | The amount and terms of offer will be determined subject to market conditions |
Start date | Jan. 3, 2022 |
End date | Jan. 26, 2022 |
Target class | Institutional and qualified investors in accordance with the Capital Market Authority Rules on the offer of securities and continuing obligations |
Minimum subscription | SAR 1 mln |
Offer price | Subject to market conditions |
Par value | SAR 1 mln |
Return | Subject to market conditions |
Maturity | Perpetual |
Terms of redemption | The Sukuk may be redeemed by the bank in certain cases as detailed in the offering circular in relation to the Sukuk |
Issuance manager | Al Rajhi Capital as the sole lead manager and bookrunner |
The offering of Sukuk will be limited to institutional or qualified clients. Accordingly, the Sukuk may only be offered and sold in the Kingdom in accordance with Article 8 of the Rules of the Offer of Securities and Continuing Obligations.
The issuing end date referred to above is the expected date of the end of the offering, subject to market conditions.
The bank will announce any other relevant material developments in due course as required by the relevant rules and regulations.
Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here
Smiry Front Door Mat Outside Entrance, Heavy Duty Outdoor Indoor Mat, Natural Rubber Doormat, Non Slip, Trap Dirt and Moisture, Easy Clean, Low Profile Patio Porch Entryway Mat, 29.5x17, Grey
$9.99 (as of January 15, 2025 19:17 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Friendship Elephant Valentines Ornament with Story Card, Sisterhood Elephant Ornament for Women Tribe, Friendship Gifts for Best Friends and Sisters, Elephant Ornament for Special Bond
$12.99 (as of January 15, 2025 19:17 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Wicked: The Soundtrack
$13.98 (as of January 15, 2025 19:23 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Amazon Fire TV Stick 4K (newest model) with AI-powered Fire TV Search, Wi-Fi 6, stream over 1.5 million movies and shows, free & live TV
$34.99 (as of January 15, 2025 19:50 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
