Riyadh - Mubasher: Saudi Awwal Bank (SAB) has completed the issuance of $1.25 billion USD-denominated Tier 2 capital green notes, following the board’s approval on 14 August.
The issuance includes 6,250 notes with a par value of $200,000 each, carrying an annual return of 5.94%, according to a bourse filing.
The notes hold a maturity period of 10 years, callable after five. Meanwhile, the settlement of the issuance will be on 4 September 2025.
SAB highlighted that the bonds will be listed on the London Stock Exchange and may be sold under Regulation S, with early redemption allowed in certain cases.
As of 30 June 2025, SAB logged an annual growth of 4.94% in net profits to SAR 4.26 billion, compared to SAR 4.06 billion.
