The Saudi British Bank (SABB) announced the launch of the first version of the completion of the Sukuk worth 5 billion riyals; Under the bank's local sukuk program.

The bank said in a statement to the Saudi market (Tadawul) on Thursday, the issue is capital instruments for the second tranche denominated in the Saudi table Riyals put forward a special Kingdom.

The bank said that the total number of instruments 5 thousand instrument with a nominal value of the instrument of one million riyals.

The return on the instrument is the prevailing rate of Saudi inter-bank lending (SIBOR) for a period of 6 months plus a profit margin of 195 basis points.

instruments worth exporting July 22 2030 and the recoverable Patarrah 22 July 2025.

The bank indicated that eligibility for redemption is due on the maturity date and early redemption (including the date on which the redemption right is exercised by the bank), as per the terms and conditions of the sukuk.

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The (SAP) set the company (HSBC Saudi Arabia) individually as a manager IPO record and coordinator of a major and director of the key to put instruments.

(Fun Knowledge of Knowledge)