SNB to Redeem $1.25 Billion AT1 Sukuk

SNB

1180.SA

0.00

Saudi National Bank announced on June 28, 2026 its intention to fully redeem its USD 1,250,000,000 Additional Tier 1 Sukuk on July 26, 2026, at 100% of face value plus any outstanding payments. The Sukuk, originally issued on January 26, 2021, will be redeemed pursuant to the terms and conditions with required regulatory approval obtained. The redemption will involve all 6,250 Sukuk certificates, and funds will be deposited to holders' accounts on July 27, 2026 through Citibank, N.A., London Branch acting as Principal Paying Agent.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96420&anCat=1&cs=1180&locale=ar

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.

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