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Arab National Bank Plans US Dollar-denominated Sukuk Issue

MT Newswires·09/01/2026 02:14:20
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02:14 AM EDT, 09/01/2026 (MT Newswires) -- Arab National Bank (SASE:1080) said Tuesday that it intends to issue US dollar-denominated additional tier 1 capital sukuk via an offer to eligible investors. The Saudi bank will use the funds for general banking purposes, as well as to improve its tier 1 capital. The amount and terms of the offer will be determined later on the basis of market conditions. ANB Capital, Arab Bank, Arqaam Capital, ASB Capital, Citigroup Global Markets, Goldman Sachs International, HSBC Bank, Mizuho International, Standard Chartered Bank and Warba Bank are acting as joint lead bookrunners in the offering.