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الاقتصادية
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Al-Arabi Al-Watani plans dollar sukuk issuance
The Arab National Bank plans to issue additional Tier 1 capital sukuk denominated in U.S. dollars, aimed at strengthening its capital base. The sukuk will be offered to investors both inside and outside Saudi Arabia. Lead managers for the offering have been appointed, including Citi Group and Goldman Sachs. The offering's size and terms will be determined later based on market conditions, and the process is subject to regulatory approvals. Concurrent with this, the bank achieved its highest quarterly profit since the last quarter of 2018, recording a net income of 1.42 billion riyals in the second quarter of 2026, representing a year-over-year increase of 6.5%. Additionally, net fees from financing rose by 8.3%. The bank also decided to distribute 1.29 billion riyals to its shareholders for the first half of 2026.
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