Al Rajhi Financial confirmed the completion of the offering and settlement of Al Rajhi Bank Sukuk of the first tranche, where 100% of applications were allocated to individual subscribers, and more than 125 thousand participants reached the number of participants.
<She added that the value of the offering amounted to 10 billion riyals, with 10 million sukuk, with a face value of 1000 riyals per suk. She pointed out that the yield of the Sukuk amounted to 5.50% fixed annually, paid on a quarterly basis, and began to be calculated from the settlement date on November 16, 2022, and continued: "The Sukuk has no maturity date or fixed term."
The return of excess subscription funds to eligible investors began on November 16, 2022, and the excess subscription funds will be deposited into the accounts of eligible investors in accordance with the procedures followed by the relevant banks.
