Amna Assem

Alinma Bank, listed on the Saudi Stock Exchange (Tadawul), intends to redeem SAR 5 billion ($1.33 billion) in additional Tier 1 capital sukuk, according to a statement the bank made to Tadawul on Tuesday.

Alinma Bank was established in 2006 and listed on the Saudi Stock Exchange in 2008. The Saudi Public Investment Fund owns a 10% stake in the bank, according to bank and Tadawul data.

During the first quarter of 2026, the bank recorded a net profit attributable to shareholders of 1.7 billion riyals, a growth of 13.3% year-on-year, supported by a 7% increase in total operating income, according to official data.

The bank issued these bonds in July 2021 as perpetual bonds with no maturity date and the possibility of early redemption, with a return of 4% effective from the date of issuance until July 1, 2026, with the return rate to be recalculated after this date and every five years.

According to its statement on Tuesday, the bank has obtained the necessary approvals to redeem 100% of the 5 billion riyal issuance.

(Prepared by: Omnia Assem, Edited by: Shaimaa Hefzy and Fatima El-Kashef, Contact: zawya.arabic@lseg.com )

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