NEWS: Saudi National Bank set to issue SAR-denominated AT1 sukuk

0.00%

-0.45%

ALBILAD SUKUK

9403.SA

8.14

0.00%

ALINMA SUKUK

9404.SA

10.68

0.00%

SNB

1180.SA

33.25

-0.45%

Staff Writer

Saudi National Bank plans to issue SAR-denominated Additional Tier 1 sukuk.

SNB Capital Company has been named as sole bookrunner, lead arranger and lead manager for the proposed offer.

The amount and terms of the offer will be determined subject to the market conditions.

The proceeds from the potential issuance will be utilised to strengthen the bank’s capital base.

The offer is expected to be open to eligible investors in Saudi Arabia.

(Writing by Brinda Darasha; editing by Seban Scaria)

brinda.darasha@lseg.com

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.