Logo of The Saudi Investment Bank (SAIB)
The Saudi Investment Bank (SAIB) completed the second issuance of its riyal-denominated Tier 1 Sukuk, as follows:
Sukuk Issuance Details
Issue type
SAR-denominated Tier 1 Sukuk
Issue value
SAR 500 mln
Total Bonds/Sukuk
500
Par value
SAR 1 mln each
Return
A 6.25% per annum fixed rate payable semiannually from the issuance date until Feb…
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