Riyadh - Mubasher: Al Rajhi Bank plans to issue US dollar-denominated Tier 2 social trust certificates under its international trust certificate issuance program, according to a bourse filing.

The offering is expected to be through a special purpose vehicle and by way of an offer to eligible investors in Saudi Arabia and globally.

Meanwhile, the amount and terms of the offer of the Sukuk will be determined in accordance with the market conditions.

The lender has mandated Al Rajhi Capital Company, Crédit Agricole Corporate and Investment Bank, Citigroup Global Markets Limited, and DBS Bank Ltd., as joint managers and bookrunners.

Goldman Sachs International, HSBC Bank, J.P. Morgan Securities, MUFG Securities EMEA, Natixis, Nomura International, and Standard Chartered Bank also joined the transaction.

Al Rajhi Bank highlighted that the issuance will fulfill its financial and strategic objectives in line with its Sustainable Finance Framework.

At the end of June 2025, the bank’s net profits jumped by 32.45% to SAR 12.05 billion from SAR 9.10 billion a year earlier.