Latest news with #AlinmaBank
Zawya
25-07-2025
- Business
- Zawya
Alinma Bank records $800mln net profit in H1-25; dividends unveiled
Riyadh – Alinma Bank announced SAR 3.08 billion net profits generated during the first half (H1) of 2025. The net income marked a 12.81% increase from SAR 2.73 billion in H1-24, according to the income statements. The earnings per share (EPS) leveled up to SAR 1.15 as of 30 June 2025 compared with SAR 1.06 in the same period a year earlier. Moreover, the clients' deposits grew by 11.97% to SAR 229.94 billion in the first six months (6M) of 2025 from SAR 205.35 billion in the same half last year. The assets totaled SAR 297.21 billion at the end of June 2025, surging by 14.25% from SAR 260.13 billion as of 30 June 2024. The investments hit SAR 51.63 billion in H1-25, signaling a 10.74% growth from SAR 46.63 billion in H1-24. Income Statements for Q2-25 In the second quarter (Q2) of 2025, Alinma Bank posted an 11.06% profit increase to SAR 1.57 billion compared with SAR 1.41 billion in Q2-24. Quarter-on-quarter (QoQ), the net profits registered in Q2-25 were 4.33% higher than SAR 1.50 billion in Q1-25. Cash Dividends The board of Alinma Bank decided to disburse SAR 0.30 per share, representing 3% of the share par value, as a cash dividend for Q2-25. The Saudi lender will pay a total of SAR 746.16 million for 2.48 billion eligible shares. Moreover, the eligibility and distribution dates for Q2-25 dividends will be 7 and 21 August 2025, respectively. It is worth noting that board previously proposed cash dividends worth SAR 745.16 million for Q1-25.
Arab News
09-07-2025
- Business
- Arab News
Closing Bell: Saudi main index slightly dips to 11,278; Nomu gains
RIYADH: Saudi Arabia's Tadawul All Share Index dropped marginally on Wednesday, shedding 16.34 points or 0.14 percent to close at 11,277.73. The total trading turnover of the benchmark index was SR5.48 billion ($1.46 billion), with 140 of the listed stocks advancing and 109 declining. The Kingdom's parallel market Nomu, gained 104.43 points to close at 27,448.22. The MSCI Tadawul Index edged down by 0.27 percent to 1,445.25. The best-performing stock on the main market was Umm Al Qura for Development and Construction Co. The firm's share price increased by 8.62 percent to SR26.70. The share price of Saudi Real Estate Co. also rose by 7.68 percent to SR20.89. Retal Urban Development Co. also saw its share price advance by 6.62 percent to SR16.10. On the announcements front, Alinma Bank said that it completed the issuance of US dollar-denominated sukuk worth $500 million, under its Trust Certificate Issuance Program. According to a press statement, the sukuk issue is expected to settle on July 15. The share price of Alinma Bank declined by 1.19 percent to SR26.68. Jahez International Co. for Information System Technology announced that it has signed an agreement to acquire a 76.56 percent stake in Snoonu Corporation Holding LLC, a Qatari-based technology and logistics firm that operates an e-commerce and on-demand delivery platform. In a press statement, the company revealed that it will acquire 8.14 million shares, representing 75 percent of Snoonu's share capital, from existing shareholders for $225 million. Jahez will also subscribe to 723,960 newly issued shares in Snoonu, representing 1.56 percent of the stake, for $20 million. The share price of Jahez edged up by 1.11 percent to SR27.44.
Zawya
09-07-2025
- Business
- Zawya
Price tightened on Saudi Alinma Bank's $500mln senior sukuk offering
The price was tightened on Saudi Alinma Bank's $500 million WNG 5-year senior unsecured sukuk offering to 95 basis points plus Treasuries, with a benchmark yield of 3.987% and coupon of 4.937%. Earlier, IPTs were in the area of 130 basis points plus Treasuries. The Reg S Category 2 Wakala structure had an orderbook in excess of $1.9 billion, excluding JLM interest. The Saudi lender is rated A2 (stable) by Moody's, A- (stable) by S&P and A- (stable) by Fitch, with the sukuk expected to be rated A- by S&P and A- by Fitch, with an issue date of 15 July 2025 Proceeds will be used for general banking business, with the issuance to be listed on London Stock Exchange's International Securities Market. Abu Dhabi Islamic Bank, Alinma Capital, Dubai Islamic Bank, Emirates NBD Capital, Goldman Sachs International, JP Morgan and Standard Chartered Bank have been appointed as Joint Lead Managers. The issuance comes under Alinma Sukuk Limited's $500 million Trust Certificate Issuance Programme. (Writing by Bindu Rai, editing by Seban Scaria)
Arab News
08-07-2025
- Business
- Arab News
Closing Bell: Saudi main index slips to 11,294
RIYADH: Saudi Arabia's Tadawul All Share Index slipped on Tuesday, shedding 51.39 points, or 0.45 percent, to close at 11,294.07. The total trading turnover on the benchmark index reached SR5.32 billion ($1.42 billion), with 65 stocks advancing and 187 declining. The Kingdom's parallel market Nomu also edged down by 119.05 points to close at 27,343.79, while the MSCI Tadawul Index declined by 0.35 percent to 1,449.23. The best-performing stock on the main market was Arabian Centers Co., also known as Cenomi Centers, with its share price rising 7.60 percent to SR21.10. Arabian Drilling Co. also gained 5.66 percent to close at SR88.60, while Tourism Enterprise Co. climbed 5.49 percent to SR0.96. BAAN Holding Group Co. shares slipped 4.35 percent to SR2.42, ranking among the weaker performers of the day. On the announcement front, Alinma Bank launched a US dollar-denominated sukuk under its Trust Certificate Issuance Program, with the offering opening and closing on July 8, according to a Tadawul filing. The sukuk, which has a five-year maturity, requires a minimum subscription of $200,000, with increments in multiples of $1,000. The bank noted that the sukuk will be listed on the International Securities Market of the London Stock Exchange, and issued in reliance on Regulation S under the US Securities Act of 1933. Following the announcement, Alinma Bank's share price declined 0.74 percent to SR27. Meanwhile, Riyad Bank announced it had completed the issuance of US dollar-denominated Tier 2 trust certificates under its International Trust Certificate Issuance Program, with a total value of SR1.2 billion. According to a Tadawul statement, the bank issued 6,250 certificates, each with a nominal value of $200,000. These certificates will also be listed on the London Stock Exchange's International Securities Market. Riyad Bank's share price edged down 0.07 percent to close at SR28.88.
Zawya
08-07-2025
- Business
- Zawya
IPTs out for Saudi Alinma Bank's $500mln senior sukuk offering
The initial price thoughts for Saudi Alinma Bank's 5-year $500 million WNG senior sukuk offering are in the area of 130 basis points plus Treasuries. The Saudi lender, rated A2 (stable) by Moody's, A- (stable) by S&P and A- (stable) by Fitch, said the Reg S Category 2 Wakala structure will be priced on Tuesday. The expected sukuk is rated A- by S&P and A- by Fitch, with an issue date of 15 July 2025 Proceeds will be used for general banking business, with the issuance to be listed on London Stock Exchange's International Securities Market. Abu Dhabi Islamic Bank, Alinma Capital, Dubai Islamic Bank, Emirates NBD Capital, Goldman Sachs International, JP Morgan and Standard Chartered Bank have been appointed as Joint Lead Managers. The issuance comes under Alinma Sukuk Limited's $500 million Trust Certificate Issuance Programme. (Writing by Bindu Rai, editing by Daniel Luiz)
