The Saudi National Bank (SNB) revealed its issuance of a new five-year U.S. dollar-denominated senior unsecured Sukuk through a dedicated special-purpose vehicle, as stated in a press release on Tuesday.
The specific details regarding the amount and terms of the Sukuk offer will be determined based on prevailing market conditions, as outlined in the provided statement.
It is crucial to note that this announcement does not constitute an invitation for the purchase, acquisition, or subscription to any securities and is subject to the terms and conditions specified for the Sukuk. The bank commits to disclose any substantial updates in compliance with relevant laws and regulations.
SNB has appointed Emirates NBD Bank, Dubai Islamic Bank, Goldman Sachs International, HSBC Bank plc, Mizuho International plc, SNB Capital Company, and Standard Chartered Company as Joint Lead Managers & Bookrunners for this Sukuk issuance.
