Riyadh – Mubasher: Riyad Bank fully redeemed $1.50 billion fixed rate reset tier 2 trust certificates due 2030 on 25 February, according to a bourse filing.
The number of redeemed sukuk reached 7,500 at a par value of $200,000, based on the minimum denomination and total size.
This Sukuk redemption will reflect on Riyad Bank’s financial statements during the first quarter (Q1) of 2025.
In 2024, the Saudi lender posted 15.86% year-on-year (YoY) higher net profits at SAR 9.32 billion when compared to SAR 8.04 billion.
