Logo ofAlinma Bank
Alinma Bank commenced the issuance of US dollar-denominated sustainable additional Tier 1 (AT-1) sukuk, the bank said in a statement onTadawul. 
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The offering starts today, May 20, and continues until May 23.
Sukuk Issuance Details
Offer Type
USD-denominated sustainable AT-1 sukuk
Offer Value
To be determined as per market conditions.
Start Date
May 20, 2025
End Date
May 23, 2025
Target Class
Qualified investors locally and internationally.
Lead Manager
Abu Dhabi Islamic Bank, Alinma Capital, Emirates NBD, Goldman Sachs, JP Morgan and Standard Chartered as joint lead managers.
Minimum Subscription Limit
$200,000 with increments in multiples of $1,000.
Offer Price
Subject to market conditions
Par Value
$200,000
Sukuk Return
Subject to market conditions
Maturity
Perpetual, callable after 5.5 years
Terms of Redemption
The bank may redeem them in certain cases as detailed in the offering document related to the Additional Tier 1 Capital Certificate Issuance Program.
The certificates will be listed on the International Securities Market of the London Stock Exchange and may only be sold in accordance with (Regulation S) of the US Securities Act of 1933, as amended, the statement added.
The above-mentioned offering end date is the expected date for the completion of the offering, subject to market conditions, the bank further indicated.
Logo ofAlinma Bank
Alinma Bank commenced the issuance of US dollar-denominated sustainable additional Tier 1 (AT-1) sukuk, the bank said in a statement onTadawul.
For more news on listed companies
The offering starts today, May 20, and continues until May 23.
Sukuk Issuance Details
Offer Type
USD-denominated sustainable AT-1 sukuk
Offer Value
To be determined as per market conditions.
Start Date
May 20, 2025
End Date
May 23, 2025
Target Class
Qualified investors locally and internationally.
Lead Manager
Abu Dhabi Islamic Bank, Alinma Capital, Emirates NBD, Goldman Sachs, JP Morgan and Standard Chartered as joint lead managers.
Minimum Subscription Limit
$200,000 with increments in multiples of $1,000.
Offer Price
Subject to market conditions
Par Value
$200,000
Sukuk Return
Subject to market conditions
Maturity
Perpetual, callable after 5.5 years
Terms of Redemption
The bank may redeem them in certain cases as detailed in the offering document related to the Additional Tier 1 Capital Certificate Issuance Program.
The certificates will be listed on the International Securities Market of the London Stock Exchange and may only be sold in accordance with (Regulation S) of the US Securities Act of 1933, as amended, the statement added.
The above-mentioned offering end date is the expected date for the completion of the offering, subject to market conditions, the bank further indicated.
