Logo ofAlinma Bank
Alinma Bank plans to issue US dollar-denominated sukuk, pursuant to a board decision dated May 13, authorizing the CEO to exercise all necessary powers and authorities on behalf of the bank to proceed with the potential issuance under the Trust Certificate Issuance Programme. 
In a statement to Tadawul, the bank said the issuance is expected to be carried out through a special purpose entity (SPE) and will target qualified investors both within and outside Saudi Arabia.
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The value and terms of the sukuk will be determined based on prevailing market conditions. The proceeds from the issuance will be used for general banking purposes.
Alinma Bank also appointed Abu Dhabi Islamic Bank, Alinma Capital Co., Dubai Islamic Bank, Emirates NBD Bank, Goldman Sachs International, J.P. Morgan Securities PLC and Standard Chartered Bank as joint lead managers for the potential offering.
The issuance remains subject to the approval of the relevant regulatory authorities and will be conducted in accordance with applicable laws and regulations. The bank will disclose any further material developments as they arise, in line with regulatory requirements.
Logo ofAlinma Bank
Alinma Bank plans to issue US dollar-denominated sukuk, pursuant to a board decision dated May 13, authorizing the CEO to exercise all necessary powers and authorities on behalf of the bank to proceed with the potential issuance under the Trust Certificate Issuance Programme.
In a statement to Tadawul, the bank said the issuance is expected to be carried out through a special purpose entity (SPE) and will target qualified investors both within and outside Saudi Arabia.
For more news on listed companies
The value and terms of the sukuk will be determined based on prevailing market conditions. The proceeds from the issuance will be used for general banking purposes.
Alinma Bank also appointed Abu Dhabi Islamic Bank, Alinma Capital Co., Dubai Islamic Bank, Emirates NBD Bank, Goldman Sachs International, J.P. Morgan Securities PLC and Standard Chartered Bank as joint lead managers for the potential offering.
The issuance remains subject to the approval of the relevant regulatory authorities and will be conducted in accordance with applicable laws and regulations. The bank will disclose any further material developments as they arise, in line with regulatory requirements.
