Riyad Bank Kicks Off SAR5 Billion Sukuk Offering

03:46 AM EDT, 07/21/2026 (MT Newswires) -- Saudi lender Riyad Bank (SASE:1010) on Tuesday launched a public offering of Saudi riyal-denominated additional tier 1 capital sukuk under its 10 billion-riyal AT1 capital public sukuk program. The offering has an initial size of 5 billion riyals, with the final amount to be determined after the subscription period closes. The perpetual sukuk carry a fixed annual return of 6.50%, payable quarterly, with no fixed maturity or final redemption date. Riyad Capital is acting as financial advisor, sole arranger, and dealer for the offering.