The Clap
Riyad Bank (1010) will start offering additional first tranche sukuk in SAR.
The Deets
The value and terms of the sukuk offering will be determined based on market and the offering will begin on September 8 and end on December 31, 2022.
Target
The sukuk’s will target institutional and eligible clients in accordance with Article 8 of the Offering of Securities and Continuing Obligations, issued by the Capital Markets Authority.
What Now
Riyad Bank has appointed its subsidiary Riyad Capital as the manager of the subscription and the minimum subscription will be for SAR 250,000, while the offer price will be determined according to market conditions.
Riyad Bank begins offering additional sukuk 🏦
