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Al-Inma plans to raise 5B riyal sukuk
Alinma Bank has announced its intention to redeem the entire issue of Additional Tier 1 Capital Sukuk valued at 5 billion Saudi riyals, scheduled for July 1, 2026, after receiving approval from the Saudi Central Bank. The redemption will involve 5,000 sukuk, each with a nominal value of one million riyals, representing a 100% redemption and complete cancellation of the sukuk, as the outstanding value of the issuance will drop to zero after the process. Holders will receive the nominal value plus any dividends due before the redemption. The record date has been set for June 16, 2026. Riyad Bank has been tasked with managing the redemption process.
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