Riyadh – Mubasher: Alinma Bank commenced issuing its USD-denominated Additional Tier 1 (AT-1) capital sukuk through a special purpose vehicle (SPV) on 20 May 2026, according to a bourse statement.
The minimum subscription stood at $200,000 and in increments of $1,000 in excess thereof.
The bank indicated that the perpetual offering may be redeemed in certain cases as detailed in the circular in relation to the Additional Tier 1 Capital Certificate Issuance Program.
Meanwhile, the amount and terms of the offer of the capital certificates will be determined based on market conditions.
The lender has mandated Abu Dhabi Islamic Bank (ADIB), Alinma Capital Company, Arqaam Capital Limited, ASB Capital Limited, Citigroup Global Markets Limited, DBS Bank Ltd., Emirates NBD Bank, First Abu Dhabi Bank (FAB), Goldman Sachs International, J.P. Morgan Securities, Mashreq Bank, Standard Chartered Bank, and Warba Bank as joint lead managers.
