RIYADH, Broadcasting News Corporation : Riyad Bank has completed the offering of its Saudi riyal-denominated additional Tier 1 capital sukuk worth SR3.8 billion ($1 billion). The bond is perpetual and has a rate of return of 5.25 percent to be paid quarterly from the issue date, according to a bourse filing. Established in 1957, Riyad Bank is one of the largest financial institutions in Saudi Arabia. The Saudi government owns 51 percent of the bank’s shares. NEWS COLLECTED FROM ARAB NEWS.