The Bilad Bank intends to issue sectors from the second tranche (Tier 2) in Saudi Riyals, an amount not exceeding 3 billion riyals through special subtraction in the Kingdom,
According to Arab Net, it may also include an option for Sukuk holders worth two billion Saudi riyals (owed to 2026 m), which has already been issued to replace their investment in the previous instruments of investment in the second segment, subject to the terms and conditions of instruments.
The Bank has appointed the country's financial company as a coordinator and a unique deal for potential subtraction.
The bank said in a statement on the site of the Saudi market trading, the number and value of the instruments of the second slide will be set on the basis of market conditions.
He added that this potential subtraction aims to strengthen the bank's capital base.
