Al Rajhi Bank hires advisors for five-year sustainable sukuk
Proceeds are earmarked to support the bank’s financial and strategic objectives
Available in your choice of English or Arabic
Proceeds are earmarked to support the bank’s financial and strategic objectives
The issuance carries 9.5% fixed annual yield
Order books hit over USD 16 bn
The size of the offering remains undisclosed
The company is preparing for a roadshow on the prospective debt sale
The issuance will be made available for subscription to eligible investors locally and internationally
The sukuk will be listed on the London Stock Exchange (LSE)
The subscription will wrap up on Tuesday, 6 February
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