The National Bank of Saudi Arabia announced its intention to issue US dollar-denominated sukuk under the International Sukuk Program established on November 15, 2021, through a special purpose company, and offer it to qualified investors inside and outside Saudi Arabia.
The bank said in a statement on “Tadawul Saudi Arabia” today, Monday, that unsecured priority sukuks are denominated in US dollars, and the value and terms of offering the sukuk will be determined based on market conditions.
The bank stated that it had appointed Citi Global Markets Limited, Emirates NBD, Goldman Sachs International, HSBC plc, Mizuho International PLC, and Al Ahli Capital as bookrunners and bookrunners in connection with the offering. likely.
The bank stated that the issuance of the sukuk comes for the bank’s general commercial purposes and to meet its financial and strategic objectives.
