Bank AlJazira announced the completion of issuing Tier 2 Sukuk denominated in Saudi Riyals (SAR) offered by way of private placement in the Kingdom of Saudi Arabia. Value of the offer: SAR 2,000,000,000. Total number of (Bonds/Sukuk): 2,000 Sak. Par Value (Bonds/Sukuk): SAR 1,000,000. Return (Bonds/Sukuk): 6-month SAIBOR + 155 bps. Maturity (Bonds/Sukuk): 10 years callable by the Bank after 5 years from the date of issuance. The Sukuk shall be redeemed on the maturity date. Terms of Redemption: The Sukuk may be redeemed prior to the maturity date in certain cases due to a capital event, a tax event, an event of default, or an issuer call option, each pursuant to terms and conditions of the Sukuk. The Bank has appointed AlJazira Capital and HSBC Saudi Arabia as the joint lead managers and bookrunners for the offer.