Bank Aljazira launches SAR 3 billion Tier 2 sukuk offering

Bank Aljazira has announced the launch of a private offering of Saudi riyal-denominated Tier 2 capital sukuk to qualified investors within the Kingdom. The issuance is part of the bank’s Tier 2 capital sukuk program, with a total value of 3 billion riyals (SAR). The final value and terms of the offering will be determined based on market conditions.

The offering opens today, November 5, 2026, and is expected to continue until December 6, 2026. The closing date is provisional and subject to market conditions. The minimum subscription amount is set at 1 million riyals, with each sukuk having a nominal value of 1 million riyals.

The sukuk will have a maturity of 10 years, with an option for early redemption after 5 years. The pricing and yield will be set according to market conditions, and early redemption may occur under certain circumstances as detailed in the base offering memorandum.