Alinma Bank plans USD-denominated Additional Tier 1 sukuk issuance

The offering value and terms will be determined based on market conditions, Alinma Bank said

Alinma Bank plans to issue perpetual, USD-denominated Additional Tier 1 (AT-1) capital sukuk, following a board decision, dated Dec. 24, 2025.

 

The board authorized the CEO to issue perpetual AT-1 capital sukuk under its capital sukuk issuance program, the bank said in a statement to Tadawul.

 

The issuance is expected to be carried out through a special purpose vehicle (SPV) via an offering to eligible investors inside and outside Saudi Arabia.

 

Offering Details

Issuance Type

Perpetual, dollar-denominated AT-1 capital sukuk, under the AT-1 capital sukuk program.

Offering Value

To be determined based on market conditions.

Purpose

To optimize Tier 1 capital and for general banking purposes.
 

Abu Dhabi Islamic Bank (ADIB), Alinma Capital, Arqaam Capital, ASB Capital, Citigroup, DBS, Emirates NBD, First Abu Dhabi Bank , Goldman Sachs, J.P. Morgan, Mashreqbank (via its Islamic banking), Standard Chartered, Warba Bank were mandated as lead managers.

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