When will the sukuk be redeemed?

The redemption will occur on July 1, 2026, the first contractual call date.

How many sukuk certificates are being redeemed?

5,000 certificates with a par value of SAR 1 million each are being redeemed.

Has the bank obtained the necessary regulatory approvals?

Yes, the required regulatory approvals have been obtained.

What is the impact of this redemption on Alinma Bank's stock?

The impact on the stock price is expected to be neutral in the short term, but it reflects efficient capital management.

Alinma Bank Redeems SAR5bn Additional Tier 1 Sukuk

Alinma Bank announced its intention to redeem its SAR 5 billion Additional Tier 1 Capital Sukuk in full at face value on July 1, 2026. The sukuk, originally issued on July 1, 2021, consist of 5,000 certificates with a par value of SAR 1 million each.

June 16, 2026

2 min read

Source: Saudi Exchange

Key Numbers

redemption amount

SAR 5,000,000,000

number of certificates

5,000

par value per certificate

SAR 1,000,000

issue date

July 1, 2021

redemption date

July 1, 2026

Alinma Bank (1150) announced its intention to redeem its SAR 5,000,000,000 Additional Tier 1 Capital Sukuk in full at face value on July 1, 2026. The sukuk, originally issued on July 1, 2021, consist of 5,000 certificates with a par value of SAR 1 million each, representing 100% of the total issuance.

Redemption Details

Redemption Amount: SAR 5 billion at face value.
Redemption Date: July 1, 2026 (first contractual call date).
Number of Sukuk: 5,000 certificates.
Par Value per Sukuk: SAR 1 million.
Issue Date: July 1, 2021.
Payment Administrator: Riyad Bank.
Sukukholders' Agent: Riyad Capital.

Context

The redemption follows the receipt of all necessary regulatory approvals. Additional Tier 1 Capital Sukuk are debt instruments used by banks to strengthen their capital adequacy, often redeemed at the first call date when conditions permit.

What This Means for Investors

The redemption reflects Alinma Bank's commitment to efficient capital management and may improve its capital adequacy ratios. While this is a positive signal for bondholders, the impact on the stock price is expected to be neutral in the short term.

Frequently Asked Questions

Alinma Bank is redeeming Additional Tier 1 Capital Sukuk worth SAR 5 billion.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.