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Riyad Bank Completes SAR10 Billion Upsized Sukuk Offering

MT Newswires·08/10/2026 03:44:58
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03:44 AM EDT, 08/10/2026 (MT Newswires) -- Riyad Bank (SASE:1010) completed a 10 billion-Saudi-riyal public offering of riyal-denominated additional tier 1 capital sukuk. The perpetual sukuk carry a fixed return of 6.5% per annum, according to a Monday filing. The Saudi lender plans to use the proceeds to boost its tier 1 capital and for general banking purposes. The offering was upsized from the initial 5 billion riyals after the bank received subscriptions totaling 13.59 billion riyals.