Launch Partners

Launch Partners

Alinma Bank completes Sukuk issuance

SAUDI ARABIA: Alinma Bank has completed the issuance of its perpetual US dollar-denominated Sukuk worth US$1 billion that carries a 6.5% return per annum, according to a bourse filing.

The certificates will be listed on the International Securities Market of the London Stock Exchange.

The issuance marked the bank’s return to the Sukuk market after three years.

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