Saudi Exchange celebrates the listing of Al Rajhi Bank Tier 1 Sukuk

Saudi Exchange celebrates the listing of Al Rajhi Bank Tier 1 Sukuk

Riyadh: Today, the Saudi Exchange celebrated the listing of AlRajhi Bank Tier 1 Sukuk. AlRajhi Bank is one of the world’s largest Islamic Banks by market cap with a strong and historic presence in Saudi Arabia. The ceremony was attended by Mr. Mohammed Al Rumaih, CEO of Saudi Exchange and Mr. Waleed Al-Mogbel MD & CEO of AlRajhi Bank.

Speaking on the occasion, Mohammed Al Rumaih, CEO of Saudi Exchange said, “We are pleased to welcome AlRajhi Bank’s Sukuk to the Saudi Exchange, which will undoubtedly provide the right platform for the sukuk’s success. The addition of AlRajhi Bank Sukuk to the Saudi Exchange is another step towards diversifying the products available to local, regional and international investors, in line with our commitment to Vision 2030 and its Financial Sector Development Program. This listing will thereby support our aim to attract further investors and issuers to the Saudi capital market, showcasing our diverse debt market alongside the strong equity market.”

“The listing of Al Rajhi Bank’s Sukuk in the Saudi Market, boosts the diversification of investment products, opens new channels for individual investors to participate in the Sukuk & Bonds market, and increases its investor base. This is part of the pioneering