The bank revealed in a statement to Saudi marketThe value of the offering amounted to 750 million US dollars, and the total number of sukuk was 3,750, and the nominal value of the sukuk was 200 thousand US dollars.
The report explained that the return of the instrument is 5.50 percent per year, and the maturity period of the instrument is a permanent instrument, and it may be redeemed after 5 years.
The statement also indicated that the Sukuk may be redeemed in certain cases, as detailed in the offering document related to the Sukuk.
The sukuks will be listed on the international financial market of the London Stock Exchange, and can be sold under Regulation S of the US Securities Act of 1933, as amended, according to a statement. Riyad Bank.
