Alinma Bank announces intention to issue U.S. Dollar-denominated Additional Tier 1 Capital Certificates

Alinma Bank announces intention to issue U.S. Dollar-denominated Additional Tier 1 Capital Certificates

26 February 2024 08:19 AM

Element List

Explanation

Introduction

Alinma Bank (the “Bank”) announces its intention to issue U.S. Dollar denominated Additional Tier 1 Capital Certificates based on its Board of Directors resolution dated 19/07/1445H (corresponding to 31/01/2024G)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 Additional Tier 1 Capital Certificates (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 Investment Company, Emirates NBD Bank P.J.S.C., J.P. Morgan Securities plc, MUFG Securities EMEA plc and Standard Chartered Bank as Joint Lead Managers in relation to the Proposed Offer.

Offer Type

U.S. Dollar-denominated Additional Tier 1 Capital Certificates

Date of the board’s decision

2024-01-31 Corresponding to 1445-07-19

Value of the offer

The amount and terms of the offer of the Additional Tier 1 Capital Certificates will be determined subject to