RIYADH: The Saudi National Bank has mandated SNB Capital Co. to advise on the proposed issuance of an additional riyal-denominated sukuk, it said in a bourse filing on Thursday.
The amount and terms of the offering, which seeks to strengthen the bank’s capital base, will be determined subject to market conditions.
SNB Capital will act as the sole book-runner, lead arranger, and lead manager of the potential offer.
