| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement from Aljazira Bank published on the website of the Saudi Exchange (Tadawul) on 22/12/1447H (corresponding to 08/06/2026G), regarding its intention to call (redeem) the U.S.$500,000,000 tier 1 capital certificates (the “Sukuk”), in full, at face value (100% of issue price) on 29 June 2026, Aljazira Bank is now pleased to announce the redemption, in full, of these Sukuk. |
| Offer Type | International Tier 1 Sukuk denominated in U.S. dollars. |
| Value of the redeemed (sukuk\ bonds) | U.S.$500,000,000 |
| Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk) | 100 % |
| Number of redeemed (bonds/sukuk) | 2,500 (based on the minimum denomination and total size) |
| Issuance Date | 2021-06-29 Corresponding to 1442-11-19 |
| Trading End Date | Date of redemption of the Sukuk: 14/01/1448H (corresponding to 29/06/2026G) |
| Sukuk Par Value at Redemption Date | U.S.$200,000 |
| Total issuance value after redemption | 0 |
| Date of Depositing the Amounts in the (Bonds/Sukuk) Holders Accounts | 2026-06-29 Corresponding to 1448-01-14 |
| Name of the Entity Responsible for the Deposit and Contact Details | For any further information or questions, kindly contact the Investors Relations department: Phone number: 966126098997 Email: IR@aljazirabank.com.sa |
Aljazira Bank announces the full redemption of its U.S.$500,000,000 tier 1 capital certificates
AI Summary
- Aljazira Bank has completed the full redemption of its U.S.$500,000,000 Tier 1 capital certificates (Sukuk) at 100% of their face value.
- The redemption occurred on June 29, 2026, involving 2,500 units with a par value of U.S.$200,000 each.
- Following this action, the total issuance value of these Sukuk is zero, and the redemption amounts have been deposited into the accounts of the holders.
