On July 21, 2026, Riyad Bank announced the commencement of the public offer and subscription period for its SAR-denominated Additional Tier 1 Capital Sukuk under its SAR 10,000,000,000 Additional Tier 1 Capital Public Sukuk Programme, with an initial issuance amount of SAR 5,000,000,000 and a subscription period running from July 21 to August 3, 2026. The Sukuk are priced and offered at SAR 1,000 per Sak, carrying a fixed return of 6.50% per annum payable quarterly, and are perpetual in nature, with early redemption possible from the fifth anniversary call date subject to the Terms and Conditions. Riyad Capital has been mandated as financial advisor, sole arranger, and dealer, while proceeds will be used to enhance the Bank's Tier 1 capital and for general banking purposes.

Original announcement:

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