Saudi Awwal Bank to issue SAR-denominated AT1 sukuk
The bank has mandated HSBC Saudi Arabia as sole arranger and dealer for the transaction.
HSBC Holdings owns a 31% stake in the Saudi lender.
In May, the bank issued a $650 million 5.5-year green AT1 sukuk at the 6. 5%.
(Writing by Brinda Darasha; editing by Daniel Luiz)
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