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Alinma Bank completed today, July 1, the issuance and settlement of SAR 5 billion worth of additional Tier 1 sukuk through private placement.

 

Issuance Details

Total Number of sukuk/bonds

5,000 (based on the minimum denomination and total issue size)

Par Value (sukuk/bonds)

Additional Tier 1 Saudi riyal-denominated

sukuk denominated in Saudi Riyals

Return (sukuk/bonds)

4.00% per annum from (and including) the issue date up to (but excluding) 1 July 2026G. The rate of return will then be reset on 1 July 2026G and every five years thereafter.

Maturity (sukuk/bonds)

Perpetual

Terms of Redemption

The sukuk may be redeemed early due to a capital event, tax event or at the option of the bank as described in the terms and conditions of the sukuk.

 

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