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Thursday, July 18, 2024

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Al Rajhi Bank completes US$1 billion senior unsecured sustainable Sukuk offering; settlement on the 5th April 2023

SAUDI ARABIA: Al Rajhi Bank has completed the offering for its US$1 billion senior unsecured sustainable Sukuk facility and the settlement of the issuance will be on the 5th April 2023, a bourse filing read.

The sustainable Sukuk will be listed on the London Stock Exchange’s International Securities Market.

ISFI previously reported that Al Rajhi Bank commenced the offering of the sustainable Sukuk from the 29th to the 30th March 2023 to eligible investors in Saudi Arabia and abroad with a minimum subscription of US$200,000 and in increments of US$1,000 in excess thereof.

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