Logo ofAlinma Bank
Alinma Bankplans to issue USD-denominated additional Tier 1 (AT1) sukuk, following a May 5 board resolution authorizing the CEO to take all necessary steps to execute the issuance. 
In a statement to Tadawul, the bank said the sukuk will likely be issued through a special purpose vehicle and offered to eligible investors in Saudi Arabia and internationally.
For more news on listed companies
Alinma Bank mandated Abu Dhabi Islamic Bank, Alinma Investment, Emirates NBD, J.P. Morgan Securities, and Standard Chartered Bank as joint lead managers.
The size and terms of the issuance will be determined based on market conditions. Proceeds will be used to strengthen the bank’s Tier 1 capital and support general banking activities.
The offering is subject to regulatory approvals and will comply with all applicable laws and regulations.
Alinma Bank said it will disclose any material developments in line with regulatory requirements.
Logo ofAlinma Bank
Alinma Bankplans to issue USD-denominated additional Tier 1 (AT1) sukuk, following a May 5 board resolution authorizing the CEO to take all necessary steps to execute the issuance.
In a statement to Tadawul, the bank said the sukuk will likely be issued through a special purpose vehicle and offered to eligible investors in Saudi Arabia and internationally.
For more news on listed companies
Alinma Bank mandated Abu Dhabi Islamic Bank, Alinma Investment, Emirates NBD, J.P. Morgan Securities, and Standard Chartered Bank as joint lead managers.
The size and terms of the issuance will be determined based on market conditions. Proceeds will be used to strengthen the bank’s Tier 1 capital and support general banking activities.
The offering is subject to regulatory approvals and will comply with all applicable laws and regulations.
Alinma Bank said it will disclose any material developments in line with regulatory requirements.
