ASB Capital, a dynamic asset and wealth management firm with assets under management totaling USD 9.1 billion, has once again demonstrated its prowess in the capital markets by acting as Joint Lead Manager and Bookrunner for Alinma Bank's latest USD 500 million Sustainable Additional Tier 1 (AT1) Sukuk issuance. This transaction, which attracted significant investor interest, underscores ASB Capital's growing influence in Saudi Arabia and the wider region.

The perpetual Sukuk, callable after 5.5 years, offers an annual profit rate of 6.625% and will be listed on the International Securities Market of the London Stock Exchange. The transaction was met with robust investor demand, being more than three times oversubscribed, which reflects the strong appeal of well-structured Sukuk instruments among regional and international investors.

ASB Capital's involvement alongside financial giants like Citigroup, Goldman Sachs, JP Morgan, and Standard Chartered, highlights its deepening relationships and the trust it has garnered in the financial community. According to Hichem Djouhri, Senior Executive Officer at ASB Capital, this repeat mandate from Alinma Bank symbolizes the confidence regional institutions place in ASB Capital's capabilities.

In recent years, ASB Capital has built an impressive track record with mandates including Kuwait Finance House’s USD 850 million Additional Tier 1 Sukuk and Al Salam Bank’s USD 450 million Additional Tier 1 Sukuk, among others. Beyond debt capital markets, ASB Capital has expanded its investment banking capabilities, advising on strategic transactions such as Al Salam Bank's sale of stakes in Seef Properties and Gulf African Bank.

Hussain Abdulhaq, Chief Treasury Officer of Al Salam Bank, remarked on the transaction's success, noting the regained momentum in regional debt capital markets and the continued confidence in GCC financial institutions.

Given ASB Capital's strategic positioning and its role in significant financial transactions, investors may consider holding their positions in ASB Capital. The firm's robust track record and expanding capabilities suggest a promising future in the region's capital markets.