Riyadh - Mubasher: Alinma Bank intends to issue SAR-denominated Additional Tier 1 capital Sukuk under its existing SAR 5 billion Sukuk program.
This move aims to strengthen the bank’s capital base, according to a bourse filing.
The Saudi lender appointed Alinma Capital Company and HSBC Saudi Arabia as joint lead managers for the potential private placement.
Meanwhile, the number and total value of the Sukuk offering will be determined based on market conditions at the time of issuance.
It is worth noting that the offering was scheduled to begin after the release of Alinma Bank’s financial statements for the three months ended on 31 March 2026.
During the first quarter (Q1) of 2026, Alinma Bank recorded SAR 1.67 billion in net profits to the shareholders, higher by 11.30% year-on-year (YoY) than SAR 1.50 billion.
