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Logo of Alinma Bank
Alinma Bank commenced the issuance of US dollar-denominated sukuk under its Trust Certificate Issuance Program, the bank said in a statement on Tadawul.
The offering starts today, July 8, and continues until July 9.
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Sukuk Issuance Details |
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Offering Type |
US dollar-denominated sukuk under the bank's Trust Certificate Issuance Program |
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Offering Value |
To be determined as per market conditions |
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Start Date |
July 8, 2025 |
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End Date |
July 9, 2025 |
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Target Class |
Qualified investors locally and internationally. |
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Lead Manager |
Abu Dhabi Islamic Bank PJSC, Alinma Capital, Dubai Islamic Bank, Emirates NBD, Goldman Sachs, JPMorgan Securities, and Standard Chartered as joint lead managers |
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Minimum Subscription Limit |
$200,000 with increments in multiples of $1,000 |
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Offering Price |
Subject to market conditions |
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Par Value |
$200,000 |
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Sukuk Return |
Subject to market conditions |
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Maturity |
Five years |
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Terms of Redemption |
The bank may redeem them in certain cases as detailed in the offering document related to Trust Certificate Issuance Program |
The sukuk will be listed on the International Securities Market of the London Stock Exchange. It 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 an expected date for the completion of the offering, subject to market conditions, the bank further indicated.
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