Amna Assem

Alinma Bank, listed on the Saudi Stock Exchange, intends to issue additional capital bonds denominated in Saudi Riyals, Tier 1, as part of a program worth 5 billion Saudi Riyals ($1.3 billion) , to support the bank's capital base, according to a statement sent to the stock exchange on Sunday.

The company's board of directors had decided last December to authorize the managing director and CEO to establish the sukuk program and issue any series of it from time to time, according to the statement.

According to the statement, Alinma Financial Company and HSBC Saudi Arabia have been appointed as managers for the potential private placement. The date of the placement has not been determined, and its value will be determined according to market conditions.

Alinma Bank was established in 2006 and listed on the Saudi Stock Exchange in 2008. The Saudi Public Investment Fund owns 10% of it, according to the bank’s official website and Tadawul.

During the first quarter of 2026, the bank achieved a net profit attributable to shareholders of SAR 1.7 billion, compared to SAR 1.5 billion during the first quarter of last year, with an annual growth of 13.3%, supported by a 7% annual growth in total operating income, according to the company’s preliminary financial results disclosed on Tadawul.

(Prepared by: Omnia Assem, Edited by: Shaimaa Hefzy, Contact: zawya.arabic@lseg.com)

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