AlJazira Bank announced on February 23, 2026 its intention to issue SAR-denominated additional tier 1 capital sukuk under its SAR 5,000,000,000 Additional Tier 1 Capital Sukuk Programme, following a board decision made on February 5, 2026. The issuance will be conducted through private placement to eligible investors in Saudi Arabia, with AlJazira Capital and Al Rajhi Capital serving as Joint Lead Managers & Bookrunners. The specific amount and terms will be determined based on market conditions, with proceeds intended for tier 1 capital improvement and general corporate purposes, subject to regulatory approvals.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.