Saudi Investment Bank (SAIB) has launched a private placement of its Additional Tier 1 (AT1) capital sukuk as part of its broader SAR 5 billion (approximately $1.33 billion) sukuk issuance programme. The move comes as the bank seeks to enhance its capital position and support long-term growth.
The issuance will remain open until May 7, 2026, and is available only to eligible investors, in line with the regulations set by Saudi Arabia’s financial authorities. Each sukuk unit is priced at a par value of SAR 1 million, which also represents the minimum subscription amount required per investor.
The offering is being managed by Alistithmar Capital and Al Rajhi Capital, acting as joint lead managers and bookrunners. Earlier in the week, the bank had announced its intention to proceed with the issuance as part of its strategy to strengthen its capital reserves.