Riyadh - Mubasher: Arab National Bank (ANB) intends to redeem its $750 million fixed-rate resettable Tier 2 Sukuk on its fifth anniversary, 28 October 2025.
The Sukuk, issued on 28 October 2020, has a ten-year maturity due in 2030, according to a bourse filing.
In accordance with the Sukuk's terms and conditions, the redemption amount, along with any periodic distribution accrued but unpaid, will be disbursed by or on behalf of ANB Sukuk Limited to the relevant holders of the Sukuk.
A total of 3,750 Sukuk certificates will be redeemed, each with a par value of $200,000, representing 100% of the issuance.
In the first six months (6M) of 2025, ANB logged an annual growth of 7.05% in net profits to SAR 2.64 billion, versus SAR 2.46 billion.
