Alinma Bank announces its intention to issue U.S. Dollar denominated Sustainable Additional Tier 1 Capital Certificates under the Additional Tier 1 Capital Certificate Issuance Programme.
| Element List | Explanation |
|---|---|
| Introduction | Alinma Bank (the Bank) announces its intention to issue U.S. Dollar denominated Sustainable Additional Tier 1 Capital Certificates based on its Board of Directors resolution dated 07/11/1446H (corresponding to 05/05/2025 in which it delegated the Chief Executive Officer with all powers and authority necessary or appropriate on behalf of the Bank to carry out the issuance of the Sustainable Additional Tier 1 Capital Certificates under the Additional Tier 1 Capital Certificate Issuance Programme (the Proposed Offer).
The issuance is expected to be through a special purpose vehicle and by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally.
The Bank has mandated Abu Dhabi Islamic Bank PJSC, Alinma Capital, Emirates NBD Bank P.J.S.C., Goldman Sachs International, J.P. Morgan Securities plc and Standard Chartered Bank as Joint Lead Managers in relation to the Proposed Offer. |
| Offer Type | U.S. Dollar-denominated Sustainable Additional Tier 1 Capital Certificates under the Additional Tier 1 Capital Certificate Issuance Programme |
| Date of the board’s decision | 2025-05-05 Corresponding to 1446-11-07 |
| Value of the offer | The amount and terms of the offer of the Sustainable Additional Tier 1 Capital Certificates will be determined subject to the market conditions. |
| The Purpose of the offer | Improvement of Tier 1 capital and general banking purposes. |
| Approvals | The offer of the Sustainable Additional Tier 1 Capital Certificates will be subject to the approval of the relevant regulatory authorities and will be made in compliance with applicable laws and regulations. |
| Additional Information | This announcement is not intended as an invitation of offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the Sustainable Additional Tier 1 Capital Certificates. The Bank will announce any other relevant material developments to its shareholders in due course as required by the relevant rules and regulations. |
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