On June 8, 2026, Aljazira Bank announced its intention to redeem its U.S.$500,000,000 Tier 1 capital certificates (Sukuk) in full at face value on June 29, 2026. The Sukuk, originally issued on June 29, 2021, represents 100% of the total issued certificates and will be redeemed through BAJ Sukuk Tier 1 Limited with regulatory approval already obtained. The redemption amount, along with any accrued but unpaid periodic distributions, will be paid to holders on the redemption date, resulting in zero remaining issuance value after the full redemption.

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.