Saudi Alinma Bank announced the completion of its dollar-denominated sukuk offering under the Trust Certificate Issuance Programme, following its launch to qualified investors inside and outside Saudi Arabia, Al Eqtisadiah reported on July 9.
The sukuk offering totalled $500mn, covering 2,500 certificates with a nominal value of $200,000 each. The sukuk achieved an annual yield of 4.937%, according to a statement on Tadawul.
The issuance is expected to settle on July 15, 2025, with final maturity on July 15, 2030. The sukuk will be listed on the International Securities Market of the London Stock Exchange.
The certificates may only be sold in accordance with Regulation S of the US Securities Act of 1933, as amended.
Related Articles
Persian Gulf states warn EU sustainability laws could disrupt energy supplies and trigger market exit
Gulf Cooperation Council states have expressed concern over European Union corporate sustainability legislation, warning that continued implementation could prompt Gulf companies to withdraw ... more
Luberef gains feedstock extensions for facilities at Jeddah, Yanbu.
Saudi Aramco Base Oil Co. (Luberef) has received notice from Saudi Arabia’s Ministry of Energy regarding the extension of feedstock allocation for its facilities. The extension was agreed on ... more
GCC ministerial meeting in Bahrain sets agenda for regional integration
The 166th Gulf Cooperation Council ministerial meeting convened in Manama to prepare for the 46th session of the Supreme Council, with Secretary General Jasem Mohamed Albudaiwi ... more
Most Read
-
India’s smart metering push gains momentum
4 months ago
-
The birth of a Kazakh banking empire: ATF Bank
3 years ago