Alinma Bank issued the sukuk on July 1, 2021
Alinma Bank announced its intention to redeem its SAR 5 billion Additional Tier 1 (AT1) capital sukuk on July 1, 2026, in full, at face value. 
The sukuk were issued on July 1, 2021, in the aggregate face amount of SAR 5 billion qualifying as AT1 capital in accordance with the Saudi Central Bank (SAMA) regulations, the bank said in a statement to Tadawul.
The face value of the sukuk and any periodic profit distribution amount payable will be transferred to the sukukholders on July 1, 2026, based on their respective holdings on June 16, 2026. The required regulatory approval has been obtained in this regard, the statement added.
Sukuk Details
Issue Type
SAR- denominated AT1 sukuk.
Sukuk Value
SAR 5 bln
Issue Date
July 1, 2021
Redemption Percentage
100%
Trading End Date
July 1, 2026
Total Number of sukuk
5,000 Sak
Nominal Value
SAR 1 mln/Sak
Total Value After Redemption
0
Alinma Bank issued the sukuk on July 1, 2021
Alinma Bank announced its intention to redeem its SAR 5 billion Additional Tier 1 (AT1) capital sukuk on July 1, 2026, in full, at face value.
The sukuk were issued on July 1, 2021, in the aggregate face amount of SAR 5 billion qualifying as AT1 capital in accordance with the Saudi Central Bank (SAMA) regulations, the bank said in a statement to Tadawul.
The face value of the sukuk and any periodic profit distribution amount payable will be transferred to the sukukholders on July 1, 2026, based on their respective holdings on June 16, 2026. The required regulatory approval has been obtained in this regard, the statement added.
Sukuk Details
Issue Type
SAR- denominated AT1 sukuk.
Sukuk Value
SAR 5 bln
Issue Date
July 1, 2021
Redemption Percentage
100%
Trading End Date
July 1, 2026
Total Number of sukuk
5,000 Sak
Nominal Value
SAR 1 mln/Sak
Total Value After Redemption
0
