Saudi Investment Bank plans to issue SAR-denominated Sukuk programme
The bank has assigned Alistithmar for Financial Securities and Brokerage Company (Alistithmar Capital) to be the lead manager and bookrunner for the potential issue
The bank has assigned Alistithmar for Financial Securities and Brokerage Company (Alistithmar Capital) to be the lead manager and bookrunner for the potential issue, according to a recent bourse filing.
Subject to the approval of relevant regulatory authorities, the issuance aims to enhance SAIB’s Tier 1 capital and meet its financial and strategic needs.
It is worth noting that in 2021, the bank’s net profits reached SAR 1.06 billion, an annual growth of 8.38% from SAR 979 million.
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