Riyad Bank Plans Riyal-denominated AT1 Capital Sukuk Offering

10:14 AM EDT, 07/13/2026 (MT Newswires) -- Riyad Bank (SASE:1010) is planning a public offering of Saudi riyal-denominated additional tier 1, or AT1, capital sukuk under its 10 billion-riyal AT1 capital public sukuk program. The Saudi Arabian bank said Monday it will determine the size of the sukuk issuance at a later stage based on market conditions. The offering received clearances from the Capital Market Authority, the Saudi Central Bank, and the Saudi Exchange Co. The issuance is expected to boost the company's tier 1 capital and support general banking needs.