Logo of Alinma Bank
Alinma Bank said it completed its USD-denominated perpetual Additional Tier 1 (AT 1) Capital Sukuk issuance under its AT 1 Capital Sukuk Program. 
The sukuk issuance is expected to be settled on June 3, 2026.
Offering Details
Type of Issue
Perpetual, dollar-denominated AT-1 capital sukuk, under the AT-1 capital sukuk program
Offering Value
$500 million
Number of Sukuk
2500
Nominal Value/ SAK
$200,000
Return/ Sak
6.625% per annum
Maturity
Perpetual, callable after 5.5 years
Terms of Redemption
The certificates may be redeemed in certain cases as detailed in the Offering Circular in relation to the AT-1 Capital Certificate Issuance Program
The sukuk will be listed on London Stock Exchange (LSE); the sukuk may only be sold in accordance with Regulation S under the US Securities Act of 1933, as amended.
In a separate statement to Tadawul, the bank said it completed offering SAR-denominated Additional Tier 1 Capital Sukuk worth SAR 3 billion under its Additional Tier 1 Capital Sukuk Program.
Details
Type of Issue
SAR-denominated Additional Tier 1 Capital Sukuk under the program.
Offering Value
SAR 3 billion
Number of Sukuk
3,000 sukuk, based on the minimum denomination and total issue size.
Nominal Value/ Sak
SAR 1 million
Return/Sak
6.5% per annum.
Maturity
Perpetual sukuk with no fixed maturity date.
Terms of Redemption
The sukuk may be redeemed in certain cases, as detailed in the offering document related to the program.
According to data compiled by Argaam, Alinma Bank began earlier this month the offering of SAR-denominated Additional Tier 1 Capital Sukuk under its Additional Tier 1 Capital Sukuk Program, valued at SAR 5 billion.
Logo of Alinma Bank
Alinma Bank said it completed its USD-denominated perpetual Additional Tier 1 (AT 1) Capital Sukuk issuance under its AT 1 Capital Sukuk Program.
The sukuk issuance is expected to be settled on June 3, 2026.
Offering Details
Type of Issue
Perpetual, dollar-denominated AT-1 capital sukuk, under the AT-1 capital sukuk program
Offering Value
$500 million
Number of Sukuk
2500
Nominal Value/ SAK
$200,000
Return/ Sak
6.625% per annum
Maturity
Perpetual, callable after 5.5 years
Terms of Redemption
The certificates may be redeemed in certain cases as detailed in the Offering Circular in relation to the AT-1 Capital Certificate Issuance Program
The sukuk will be listed on London Stock Exchange (LSE); the sukuk may only be sold in accordance with Regulation S under the US Securities Act of 1933, as amended.
In a separate statement to Tadawul, the bank said it completed offering SAR-denominated Additional Tier 1 Capital Sukuk worth SAR 3 billion under its Additional Tier 1 Capital Sukuk Program.
Details
Type of Issue
SAR-denominated Additional Tier 1 Capital Sukuk under the program.
Offering Value
SAR 3 billion
Number of Sukuk
3,000 sukuk, based on the minimum denomination and total issue size.
Nominal Value/ Sak
SAR 1 million
Return/Sak
6.5% per annum.
Maturity
Perpetual sukuk with no fixed maturity date.
Terms of Redemption
The sukuk may be redeemed in certain cases, as detailed in the offering document related to the program.
According to data compiled by Argaam, Alinma Bank began earlier this month the offering of SAR-denominated Additional Tier 1 Capital Sukuk under its Additional Tier 1 Capital Sukuk Program, valued at SAR 5 billion.
