SAIB completes issuance of SAR 500 mln Tier 1 Sukuk
- Date: 06-Feb-2023
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
SAIB completes issuance of SAR 500 mln Tier 1 Sukuk
The Saudi Investment Bank (SAIB) completed the second issuance of its riyal-denominated Tier 1 Sukuk, as follows:
In a statement to Tadawul, SAIB added the Sukuk will be settled today, Feb. 6.
This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities. The bank will announce any other relevant material developments to its shareholders in due course as required by the relevant rules and regulations, SAIB concluded.
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