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.
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