Arab News, Saturday, Aug 13, 2022 | Muharram 14, 1444
Saudi National Bank eyes additional sukuk issuance
Saudi Arabia: The Saudi
National Bank has mandated SNB Capital Co. to advise on the proposed issuance of
an additional riyal-denominated sukuk, it said in a bourse filing on Thursday.
The amount and terms of the offering, which seeks to strengthen the bank’s
capital base, will be determined subject to market conditions.
SNB Capital will act as the sole book-runner, lead arranger, and lead manager of
the potential offer.