Alrajhi bank announces the success of the first sustainable AT1 capital sukuk issuance

Alrajhi bank announces the success of the first sustainable AT1 capital sukuk issuance

Alrajhi bank succeeded in offering the first sustainable additional capital (AT1) sukuk denominated in US dollars, with a size of $1 billion and a profit rate of 6.375% annually. The sukuk are the first AT1 issuance from alrajhi bank in the global debt markets In US dollars (as part of an established AT1 program). The success of this issuance comes after alrajhi bank’s successful issuances in 2023 and 2024. The issuance book subscription exceeded 3.5 billion US dollars represented by the large demand from international and regional investors, which reflects the bank’s position and strength in global markets. This issuance will be used to enhance the bank’s liquidity and support the growth of its balance sheet, especially in terms of sustainable and social projects that are in line with the goals and vision of Saudi Arabia 2030, confirming the pioneering role of alrajhi bank and its contribution in developing of the financial sector. The bank has previously announced the appointment of Al Rajhi Capital, Citi, Dubai Islamic Bank, Emirates NBD Capital, Goldman Sachs International, HSBC, and Standard Chartered Bank as lead managers and book runners for the offering. Mr. Abdulrahman Al-Ajaji, General Manager of the Treasury Group at alrajhi bank, expressed: "The successful debut