ANB plans to issue USD-denominated AT1 capital sukuk

ANB appointed lead managers, bookrunners for potential sukuk offer

Arab National Bank (ANB) plans to issue USD-denominated sustainable additional Tier 1 (AT1) capital sukuk under its international AT1 sukuk issuance program—established on Aug. 14, 2025, following the board decision dated June 30, 2025.

The sukuk issue will likely be through a special purpose vehicle (SPV), ANB said in a statement to Tadawul, adding that the offer is for qualified investors inside and outside Saudi Arabia.

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The value and terms of the sukuk will be determined later based on market conditions.

The purpose is to enhance the bank’s Tier 1 capital, support general banking operations, and achieve its financial and strategic objectives in line with its sustainable financing framework.

The bank appointed ANB Capital, Arqaam Capital, Citigroup, Crédit Agricole, Deutsche Bank, HSBC, Kamco Investment, Merrill Lynch, SMBC Bank International, and Standard Chartered as joint lead managers and joint bookrunners for the potential offering.

The sukuk issuance is subject to regulatory approvals, where applicable, and will be carried out in accordance with relevant laws and regulations, the statement noted.

According to data compiled by Argaam, Banque Saudi Fransi (BSF), Saudi Awwal Bank (SAB), and Alinma Bank completed this week their bond issuances.