Riyadh, Saudi Arabia — Alinma Bank announced plans to issue U.S. dollar-denominated sukuk under its Trust Certificate Issuance Programme. The Alinma Bank dollar sukuk issuance will target qualified investors both inside and outside Saudi Arabia.
In a statement to Tadawul Saudi Arabia, the bank confirmed that the sukuk will be issued through a special purpose vehicle. The final value and terms of the offering will depend on prevailing market conditions.
The Board of Directors has authorized the CEO to execute the issuance on behalf of the bank.
Alinma Bank appointed Abu Dhabi Islamic Bank, Alinma Investment, Dubai Islamic Bank, Emirates NBD, Goldman Sachs, J.P. Morgan, and Standard Chartered joint lead managers for the potential offering.
The sukuk proceeds will support Alinma Bank’s general banking operations. The issuance remains subject to regulatory approvals and compliance with applicable laws and regulations.
Alinma Bank Dollar Sukuk Issuance Strengthens Global Funding Access
The Alinma Bank dollar sukuk issuance reflects its strategy to diversify funding sources and expand investor participation in Saudi Sharia-compliant financial instruments.
Targeting qualified investors worldwide enhances the Kingdom’s global Islamic finance market position and supports Saudi Arabia’s broader financial development goals under Vision 2030.
Alinma Bank continues to build on its reputation as a key player in the Kingdom’s Islamic banking sector. The planned sukuk issuance will provide access to stable, Sharia-compliant funding while broadening the bank’s international investor base.
The Saudi Standard’s View: Saudi Sukuk Market Expands Global Reach
The Alinma Bank dollar sukuk issuance marks another milestone in Saudi Arabia’s efforts to deepen its Islamic finance market and attract international investors.
Global demand for sukuk is rising, driven by investors seeking stable, Sharia-compliant assets. Saudi banks like Alinma are seizing this opportunity to diversify funding and enhance market credibility.
This planned sukuk issuance boosts the Kingdom’s financial sector. It strengthens Saudi Arabia’s reputation as a global hub for Islamic finance. As Saudi banks expand into cross-border markets, they drive liquidity, investor confidence, and sector resilience.
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