Thndr Claps » Saudi Claps » Financial Services 🏛 » Al Rajhi Bank Sukuk settlement at SAR 10 billion 🏦
The ClapAl Rajhi Capital, the financial advisor and subscription manager for the first tranche offering of Al Rajhi Bank (1120) Sukuk, completed the offering process and the successful settlement of the Sukuk.
WhatAccording to the company, 100% of the applications were allocated to individual subscribers, as the number of participants exceeded 125,000.
The value of the offering was SAR 10 billion with 10 million checks.
So WhatAl Rajhi Capital indicated that the Sukuk yield is 5.50% fixed annually, to be paid on a quarterly basis starting from the 16th of November.
The Sukuk also has no maturity date.
The Sukuk will be listed and traded in “Tadawul” after depositing them in the investment portfolios and completing the necessary legal procedures.
Now WhatAl Rajhi Capital is one of the largest financial advisors in the debt markets, ranked first in the world in Sukuk issuance, according to Bloomberg.
© Thndr. All rights reserved
Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved
Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.
This is why we introduced Thndr Thinkers💭
Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!
Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts
Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!
Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours
Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.
Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers
No promotional content🚫 We don’t publish promotional content.
Any questions about becoming a Thndr Thinker? Email email@example.com and we’d be happy to help!
Normally, your article will be published within 24 hours of submission (if you followed the guidelines)