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بالشعب و للشعب
Wednesday, Dec 07, 2022

Riyad Bank completes offering of $1bn sukuk 

Riyad Bank completes offering of $1bn sukuk 

Riyad Bank has completed the offering of its Saudi riyal-denominated additional Tier 1 capital sukuk worth SR3.8 billion ($1 billion).
The bond is perpetual and has a rate of return of 5.25 percent to be paid quarterly from the issue date, according to a bourse filing.

Established in 1957, Riyad Bank is one of the largest financial institutions in Saudi Arabia.

The Saudi government owns 51 percent of the bank’s shares.
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