{"id":103970,"date":"2026-01-12T00:00:00","date_gmt":"2026-01-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=103970"},"modified":"2026-01-12T04:26:26","modified_gmt":"2026-01-12T04:26:26","slug":"bank-albilad-raises-usd-500-mn-from-at1-sukuk","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/","title":{"rendered":"Bank Albilad raises USD 500 mn from AT1 sukuk"},"content":{"rendered":"

Bank Albilad closed its private Reg S offering of USD-denominated AT1<\/strong> capital sukuk<\/strong>, raising USD 500 mn under its USD 2 bn AT1 program to shore up its capital buffers, according to a bourse filing<\/a>. The perpetual sukuk, which will be listed on the London Stock Exchange<\/a>, priced at 6.375% and are set to settle this Thursday, 15 January, it said. <\/p>\n

It\u2019s a race to lock in funding:<\/strong> Bank Albilad<\/a> joined Riyad Bank and Al Rajhi in the debt markets late last week, marking the third major issuance in January. Saudi lenders are front-loading their capital needs, grabbing liquidity now to ensure they can meet lending targets without getting squeezed by tighter margins \u2014 or a crowded-out market \u2014 later in the year.<\/p>\n

ADVISORS- <\/strong>The lender tapped our friends at Mashreq, along with Abu \u200eDhabi Commercial Bank, \u200eAlbilad Capital, Dubai Islamic \u200eBank, Emirates NBD \u200eCapital, HSBC Bank, Standard \u200eChartered Bank, and Warba \u200eBank as joint lead \u200emanagers.<\/p>\n

IN OTHER DEBT NEWS- <\/p>\n

#1- PIF-backed Al Akaria unit pens revolving facility to fund its project pipeline:<\/strong> PIF-backed Saudi Real Estate Company\u2019s (Al Akaria) infrastructure arm Binyah inked a SAR 550 mn shariah-compliant one-year revolving credit facility with Alinma Bank to support its ongoing projects and boost the unit\u2019s capacity to finance new work, according to a bourse filing<\/a>. The facility, which is renewable and backed by a promissory note, provides short-term balance-sheet flexibility for Binyah. <\/p>\n

#2- Saudi Cable taps shareholder bridge: <\/strong>Saudi Cable company secured a SAR 107.9 mn zero-interest shareholder loan from Ibrahim bin Mansour Al Rajhi to cover its near-term creditor and employee claims, it said in a disclosure<\/a> to Tadawul. The facility runs until 3 March. The loan sits alongside a broader clean-up effort, including a nine-year ZATCA settlement and plans to address the remaining SAR 468 mn in court-listed claims through rights issues and sukuk, the filing read. <\/p>\n

IN CONTEXT:<\/strong> After years of being arguably the most distressed industrial name on the Tadawul (with accumulated losses at one point exceeding 600% of capital), the company has officially exited the ICU as of two weeks ago. The Jeddah Commercial Court approved Saudi Cable\u2019s request to terminate its Financial Restructuring Procedure (FRP)<\/a> on 25 December, 2025. Usually, companies leave FRP because they fail. Saudi Cable left because they convinced the court that operational and financial obstacles have eased enough to stand on their own.<\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: Binyah and Saudi Cable secure loans<\/p>\n","protected":false},"author":1,"featured_media":103971,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2590],"tags":[962,1987,57,10,242],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-bank-albilad","tag-binyah","tag-debt-watch","tag-enterpriseam-ksa","tag-saudi-cable","wpautop","entry"],"acf":{"mongo_id":"215a2ddf-f6fb-4998-97b0-47311b62893b","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/1\/304.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Bank Albilad raises USD 500 mn from AT1 sukuk","related_issue":[103962],"teaser":"PLUS: Binyah and Saudi Cable secure loans"},"yoast_head":"\nBank Albilad raises USD 500 mn from AT1 sukuk - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Albilad raises USD 500 mn from AT1 sukuk\" \/>\n<meta property=\"og:description\" content=\"PLUS: Binyah and Saudi Cable secure loans\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-12T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-12T04:26:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/304.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Bank Albilad raises USD 500 mn from AT1 sukuk\",\"datePublished\":\"2026-01-12T00:00:00+00:00\",\"dateModified\":\"2026-01-12T04:26:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/\"},\"wordCount\":393,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/304.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Bank Albilad\",\"Binyah\",\"debt watch\",\"EnterpriseAM KSA\",\"Saudi Cable\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/\",\"name\":\"Bank Albilad raises USD 500 mn from AT1 sukuk - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/304.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2026-01-12T00:00:00+00:00\",\"dateModified\":\"2026-01-12T04:26:26+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/304.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/304.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bank Albilad raises USD 500 mn from AT1 sukuk\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bank Albilad raises USD 500 mn from AT1 sukuk - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/","og_locale":"en_US","og_type":"article","og_title":"Bank Albilad raises USD 500 mn from AT1 sukuk","og_description":"PLUS: Binyah and Saudi Cable secure loans","og_url":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/","og_site_name":"KSA","article_published_time":"2026-01-12T00:00:00+00:00","article_modified_time":"2026-01-12T04:26:26+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/304.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Bank Albilad raises USD 500 mn from AT1 sukuk","datePublished":"2026-01-12T00:00:00+00:00","dateModified":"2026-01-12T04:26:26+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/"},"wordCount":393,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/304.jpg?fit=%2C&ssl=1","keywords":["Bank Albilad","Binyah","debt watch","EnterpriseAM KSA","Saudi Cable"],"articleSection":["DEBT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/","url":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/","name":"Bank Albilad raises USD 500 mn from AT1 sukuk - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/304.jpg?fit=%2C&ssl=1","datePublished":"2026-01-12T00:00:00+00:00","dateModified":"2026-01-12T04:26:26+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/304.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/304.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/12\/bank-albilad-raises-usd-500-mn-from-at1-sukuk\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Bank Albilad raises USD 500 mn from AT1 sukuk"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/304.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/304.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/304.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/103970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=103970"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/103970\/revisions"}],"predecessor-version":[{"id":104002,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/103970\/revisions\/104002"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/103962"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/103971"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=103970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=103970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=103970"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=103970"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=103970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}