Riyad Bank Plans Additional Tier 1 Sukuk Public Offering

Riyad Bank (Ticker: 1010) announced its intention to launch a public offering of Additional Tier 1 (AT1) sukuk denominated in Saudi Riyal under its existing sukuk program. The announcement was made via the Saudi Exchange (Tadawul) on July 13, 2026.

Issue Details

• Issuer: Riyad Bank
• Instrument: Additional Tier 1 (AT1) Sukuk
• Currency: Saudi Riyal (SAR)
• Offering Type: Public offering
• Program: Under the bank's existing sukuk program

The bank has not yet disclosed the issue size, expected yield, or closing date, with further details to be announced later.

Context

This issuance aims to bolster Riyad Bank's capital base in line with Basel III requirements, as AT1 instruments are used to enhance regulatory capital. The bank is among the largest in Saudi Arabia and holds a strong credit rating.

What This Means for Investors

The offering provides an opportunity for fixed-income investors seeking higher yields than conventional bonds, but with higher risk due to AT1 features (possible coupon cancellation or conversion to equity under certain conditions). Investors are advised to review the prospectus when published.