Alinma Bank plans USD-denominated T2 sukuk

09:02 AM (Mecca time) Argaam
Alinma Bank’s sukuk proposal follows board’s Sept. 3, 2025, resolution

Alinma Bank’s sukuk proposal follows board’s Sept. 3, 2025, resolution

Alinma Bank plans to issue dollar-denominated Tier 2 sukuk, under its Trust Certificate Issuance Program.

 

The proposal follows the board’s Sept. 3, 2025, resolution in which it delegated the chief executive officer to carry out the issuance of the Tier 2 sukuk.

 

In a statement to Tadawul, the bank said the issuance is intended for general banking purposes. The value and terms of the offering will be determined based on the market conditions.

 

The bank has mandated Alinma Capital, ASB Capital, Citigroup Global Markets, DBS Bank, Goldman Sachs, JP Morgan Securities and Standard Chartered as joint lead managers in relation to the proposed offer.

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