Riyadh – Mubasher: Bank Aljazira intends to issue US dollar-denominated additional tier 1 (AT1) capital certificate issuance under its program established on 4 September 2025, according to a bourse disclosure.
The lender has mandated regional and global banks for the potential offering, whose size and terms will be disclosed at a later time.
Abu Dhabi Commercial Bank (ADCB), AlJazira Capital, Arqaam Capital, ASB Capital, Citigroup, Emirates NBD, First Abu Dhabi Bank (FAB), Goldman Sachs, J.P. Morgan, and Standard Chartered have been appointed as joint lead managers.
The issuance is to be through a special purpose vehicle and by way of an offer to eligible investors in Saudi Arabia and internationally.
Meanwhile, the proceeds will be used to strengthen the bank’s Tier 1 capital base and for general banking purposes.
In the first quarter (Q1) of 2026, the Saudi lender’s net profits climbed by 12.18% to SAR 405 million from SAR 361 million a year earlier.
