Bank Albilad Mulls USD-denominated Sukuk Private Placement

08:00 AM EST, 01/06/2026 (MT Newswires) -- Bank Albilad (SASE:1140) plans to privately place US dollar-denominated additional tier 1 capital Sukuk under its $2 billion additional tier 1 capital Sukuk program. The Saudi lender plans to use the proceeds from the planned offering to support its capital base, according to a Tuesday release. Terms of the issue, which remains subject to regulatory approvals, will be decided based on the market conditions. Abu Dhabi Commercial Bank, AlBilad Capital, Dubai Islamic Bank, Emirates NBD Capital, HSBC Bank, Mashreqbank, Standard Chartered Bank, and Warba Bank are acting as joint lead managers for the placement.