SNB Sukuk Limited, founded in 2019 and headquartered in Saudi Arabia, operates as a dedicated financing entity under the Saudi National Bank. The company specializes in the issuance of sukuk, or Islamic bonds, catering to investors seeking Sharia-compliant investment opportunities.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SNBAB 2.34% 2027-01-19 USDSNB Sukuk Limited | Cayman Islands | 2027-01-19 | 2.342 | 4.32 |
| SNBAB 5.13% 2029-02-27 USDSNB Sukuk Limited | Cayman Islands | 2029-02-27 | 5.129 | 4.26 |
| SNBAB 5.94% 2036-07-18 USDSNB Sukuk Limited | United Kingdom | 2036-07-18 | 5.938 | 5.64 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, SNB Sukuk Limited has made significant strides in the sukuk market, issuing a notable SAR 5 billion in sukuk during its debut in 2020, aimed at funding various corporate projects. As of October 2023, the company boasts competitive yields that align well with industry standards, reflecting strong demand for its innovative financial instruments. In early 2023, SNB Sukuk further distinguished itself by launching a green sukuk initiative, promoting sustainability while attracting environmentally-conscious investors.