24/11/2021
Al Rajhi Capital (ARC) has recently participated in the Kingdom of Saudi Arabia’s landmark USD 2.0 billion (equivalent to SAR 7.5 billion) international Sukuk issuance. Al Rajhi Capital is the solely regional/local firm mandated alongside six international banks involved in this transaction. This Sukuk issuance marks the Kingdom’s return to the international Sukuk market since 2019.
Waleed Al Rashed Al Humaid, the Chief Executive Officer of Al Rajhi Capital, commented “Al Rajhi Capital’s participation in the international issuance of the Kingdom, highlights its commitment to achieving the objectives of the "Kingdom Vision 2030”, participating in the financial sector development and fiscal sustainability of the Kingdom in addition to our commitment to expand the Company’s debt capital market services. Al Rajhi Capital is very proud to be part of this transaction and looking forward to continuing its partnership with the National Debt Management Center”.
Al Rajhi Capital has participated in a number of high profile international and local Sukuk issuances during 2021 including the Kingdom of Saudi Arabia’s local and international transactions, Saudi Aramco’s USD 6 billion international issuance, which is considered the largest corporate USD Sukuk issuance, and other local SAR issuances, helping issuers raise more than SAR 60 billion. Al Rajhi Capital is ranked amongst the top five in the international Sukuk league table for 2021 (source: Bloomberg).