Saudi Arabia’s Capital Markets Authority approved Al Rajhi Banking and Investment Corporation’s application to register and publicly offer debt instruments under a programme with an aggregate value of up to SAR 10 billion. A prospectus is to be published sufficiently in advance of the subscription period. The prospectus will include relevant investor information, including the issuer’s financial statements, details of its activities and management, and the programme’s issuance details. The authority highlighted that subscription decisions should be based on a careful review of the prospectus and its risk factors, and noted that investors may wish to consult an authorised financial adviser if the prospectus is difficult to understand. The approval does not constitute a recommendation to subscribe and reflects only that legal requirements under the Capital Market Law and its Implementing Regulations have been met. It is valid for six months from the Board resolution date and will be cancelled if the offering and listing of the first intended tranche are not completed within that period.
Saudi Arabia Capital Markets Authority 2025-04-30
Saudi Arabia Capital Markets Authority approves Al Rajhi Banking and Investment Corporation’s SAR 10 billion debt instruments programme for registration and public offering
Saudi Arabia's Capital Markets Authority approved Al Rajhi Banking and Investment Corporation's application to register and publicly offer debt instruments under a programme valued up to SAR 10 billion. The prospectus, published before the subscription period, will include financial statements and issuance details. The approval confirms compliance with legal requirements but is not a subscription recommendation and is valid for six months.