Aljazira Bank Completes $500M Tier 1 Sukuk Redemption

BJAZ

BJAZ

1020.SA

0.00

On June 29, 2026, Aljazira Bank announced the full redemption of its U.S.$500,000,000 Tier 1 capital certificates (Sukuk), representing 100% of the total issued securities. The redemption was executed at face value (100% of issue price) as previously announced on June 8, 2026, with all 2,500 certificates redeemed at U.S.$200,000 par value each. The international Tier 1 Sukuk, originally issued on June 29, 2021, have been fully retired, leaving zero total issuance value outstanding. Payment amounts were deposited into Sukuk holders' accounts on the redemption date of June 29, 2026.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96489&anCat=1&cs=1020&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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