On March 15, 2026, Bank Albilad announced its intention to redeem its SAR 3,000,000,000 Tier 2 Sukuk in full at face value on April 15, 2026. The Sukuk were originally issued on April 15, 2021, with a 10-year maturity due in 2031, but the bank will exercise its early redemption option under the terms and conditions with regulatory approval from the Saudi Central Bank. The redemption will involve all 3,000 Sukuk certificates at SAR 1,000,000 par value each, representing 100% of the total issuance, with funds to be deposited in holders' accounts on the redemption date through Albilad Investment Company as Payment Administrator.

Original announcement:

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