Al Rajhi Bank Mulls US Dollar-denominated Sukuk Offering

02:09 AM EST, 01/06/2026 (MT Newswires) -- Al Rajhi Bank (SASE:1120) plans to launch a US dollar-denominated additional tier 1 capital social sukuk offering, according to a Tuesday release. The Saudi Arabia-based lender will use the proceeds to improve its tier 1 capital and for general banking purposes. The offering remains subject to regulatory approvals. The lender has retained Al Rajhi Capital, Goldman Sachs International, HSBC, Morgan Stanley, Standard Chartered Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq, Nomura, and Warba as joint lead managers and Affin Bank as co-manager for the planned offering.