Saudi Investment Bank headquarters
Saudi Investment Bank (SAIB) intends to redeem its SAR 215 million additional Tier 1 sukuk on April 15, 2024, according to a filing to Tadawul.
The sukuk were issued on April 15, 2019, at an aggregate face value of SAR 215 million. As per the relevant terms and conditions, the sukuk can be redeemed by the issuer on the first call date. The bank obtained the regulatory approval to exercise its call option on the first call date.
The redemption amount, plus any periodic distribution amounts including dividend for the current periodic distribution period ending April 15, 2024, will be transferred to sukuk holders' accounts on April 15, 2024. This will be based on their holdings as of the first business day on the transfer record date, which is seven business days prior to the due payment date.
|
Issue Summary |
|
|
Issue type |
Additional Tier 1 sukuk |
|
Value of redeemed sukuk |
SAR 215 mln |
|
Percentage of redeemed sukuk |
100% |
|
Total number of redeemed sukuk |
215 |
|
Issue date |
April 15, 2019 |
|
Trading end date |
April 15, 2024 |
|
Sukuk par value at redemption date |
SAR 1 mln per sakk |
|
Date of depositing amounts in sukuk holders’ accounts |
April 15, 2023 |
|
Entity responsible for deposit |
Alistithmar Capital |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}