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AlJazira Bank to Fully Redeem SAR2 Billion Sukuk

MT Newswires·11/10/2026 00:41:38
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12:41 AM EST, 11/10/2026 (MT Newswires) -- AlJazira Bank (SASE:1020) intends to fully redeem all of its 2 billion-Saudi-riyal tier 2 sukuk due Dec. 8, 2031. The Saudi lender said Tuesday that the sukuk will be redeemed at 100% of their issue price at a par value of 1 million riyals on Dec. 8. The sukuk were issued in 2021, with an original maturity of 10 years.