Alinma Bank starts to issue AT1 capital sukuk

Logo of Alinma Bank

Alinma Bank began issuing SAR-denominated additional Tier 1 (AT1) sukuk today, May 3, under its SAR 5 billion AT1 capital sukuk program, according to a statement to Tadawul.

 

Issuance Details

Type

SAR-denominated AT1 sukuk, under its AT1 Capital Sukuk Program

Offering Value

Subject to market conditions

Start Date

May 3, 2026

End Date

May 17, 2026

Target Investors

Institutional and qualified investors

Issuance Manager

Alinma Capital and HSBC Saudi Arabia

Minimum Subscription

SAR 1 mln

Offer Price

Subject to market conditions

Nominal Value

SAR 1 mln

Return

Subject to market conditions

Maturity

Perpetual sukuk with no fixed maturity date

Redemption Terms​

The sukuk may be redeemed prior to the scheduled record date in certain cases, as detailed in the offering circular
 

The bank emphasized that the announcement does not constitute an invitation or offer to purchase, acquire, or subscribe to any securities, and remains subject to the terms and conditions of the sukuk issuance. It also stated that any material developments will be disclosed to shareholders in due course.

 

The aforementioned closing date is indicative and may change depending on market conditions.

 

In April, Alinma Bank announced its intention to issue SAR-denominated AT1 capital sukuk under its SAR 5 billion AT1 capital sukuk program.

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