Aljazira Bank Redeems 2B SAR Tier 2 Sukuk Early
Jeddah, Saudi Arabia — Aljazira Bank plans to redeem its 2,000,000,000 SAR Tier 2 Sukuk in full on 8 December 2026 — five years before its original maturity date. The bank will pay holders 100% of face value, plus any accrued but unpaid periodic distributions. Regulators have already approved the redemption. The Sukuk (Tadawul Code: […] The post Aljazira Bank Redeems 2B SAR Tier 2 Sukuk Early…
Aljazira Bank has announced its plan to redeem a 2 billion SAR Tier 2 Sukuk early, five years before its original maturity date in 2031. The bank will pay out 100% of the face value along with any accrued but unpaid periodic distributions to holders. This move comes after the bank's investor relations team confirmed that regulatory approvals have already been secured for the redemption, which is expected to take place on December 8, 2026.
The early redemption of this debt signal is seen as a positive indicator of the bank's financial health and its confidence in its capital position.
Brief written by urgent.news from The Saudi Standard's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
