Arab National Bank (ANB) announced today the launch of its US dollar-denominated Tier 2 (AT2025) capital sukuk, effective Tuesday, September 3, XNUMX. This is a strategic step to strengthen its capital base in line with Basel III requirements.
Arab National Bank
The bank explained in a statement published on the Saudi Stock Exchange (Tadawul) website that the final value and size of the issuance will be determined later, subject to market conditions, noting that the issuance targets qualified investors inside and outside the Kingdom.
Subscription details
Minimum subscription: US$200
Increase: $1000
Offering price: Determined according to market conditions at the time of issuance
Release Management
The bank has commissioned a group of international banks and financial institutions to manage the offering process, namely:
ANB Capital
Capital Numbers
Citigroup Global Markets Limited
Credit Agricole Corporate & Investment Bank
Deutsche Bank Aktiengesellschaft
HSBC PLC
Kamco Investment Company K.S.C.P.
Merrill Lynch International
SMBC Bank International PLC
Standard Chartered Bank
These entities have been appointed to act as bookrunners and issue managers.
Moving towards sustainable finance
This issuance is part of the Arab National Bank's drive to adopt sustainable financing tools that support long-term economic growth and align with environmental, social, and governance (ESG) standards. This is part of the broader drive by Saudi financial institutions to promote sustainability within Saudi Vision 2030.
