Saudi Arabia’s Alinma Bank Plans Dollar Sustainable AT1 Issue
Alinma Bank in Saudi Arabia plans to issue new dollar-denominated Sustainable Additional Tier 1 (AT1) bonds to strengthen its capital, according to a filing on the Saudi Exchange (Tadawul).
New Issuance
The bank said the bonds will be issued through a special purpose company and offered to qualified investors both in Saudi Arabia and overseas. The final size and price will depend on market conditions.
Alinma Bank has chosen Abu Dhabi Islamic Bank, Alinma Capital, Dubai Islamic Bank, Emirates NBD, Goldman Sachs, J.P. Morgan, and Standard Chartered as joint lead managers for the deal.
Money raised from the issuance, after regulatory approvals, will be used to improve the bank’s Tier 1 capital and for general business needs.
As of 10:30 am AST on August 25, 2025, Alinma Bank’s shares rose 0.4%, giving the bank a market value of $17.2 billion (SAR 64.5 billion).
Financial Performance
In the second quarter, Alinma Bank reported a net profit of $426.4 million (SAR 1.6 billion) and revenues of $785.4 million (SAR 2.9 billion).
About the Bank
Founded in 2006, Alinma Bank is a fully Shariah-compliant bank and had 5.8 million customers in Saudi Arabia as of March 2025.
The bank has been active in financing projects:
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In October 2024, it signed a $756 million Murabaha deal with Bahri to help buy nine oil tankers.
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In April 2025, it signed a $200 million Shariah-compliant loan with ACWA Power.
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It also launched a Freelance Card with the Social Development Bank to support freelancers.
Published: 26th August 2025
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