{"id":110392,"date":"2026-06-18T00:00:00","date_gmt":"2026-06-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=110392"},"modified":"2026-06-18T04:06:50","modified_gmt":"2026-06-18T04:06:50","slug":"aljazira-bank-closes-at1-issuance-pickappo-raises-sar-2-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/18\/aljazira-bank-closes-at1-issuance-pickappo-raises-sar-2-mn\/","title":{"rendered":"Aljazira Bank closes AT1 issuance, Pickappo raises SAR 2 mn"},"content":{"rendered":"

Aljazira Bank closes AT1 issuance<\/p>\n

Aljazira <\/strong>Bank is <\/strong>wrapping up<\/a><\/strong> a USD-denominated AT1 capital <\/strong>certificates <\/strong>issuance under its USD 1.5 bn program today<\/strong>, according to a Tadawul disclosure<\/a>. The perpetual, five-year callable certificates carry a minimum subscription threshold of USD 200k and will be listed on the London Stock Exchange\u2019s International Securities Market. Final pricing and yield remain subject to market conditions.<\/p>\n

IN CONTEXT- <\/strong>Gulf debt only began reawakening<\/a> from its war-driven slumber in May, and June is tracking similarly before a summer lull and Fed policy bring things to a halt. The roll cycle now playing out is banks compressing months of refinancing activity into a few weeks of open market. Spreads for investment-grade names have tightened back inside pre-war levels, presenting the right conditions to move before summer closes the window.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

\n

Pickappo raises SAR 2 mn <\/p>\n

Logistics <\/strong>tech startup <\/strong>Pickappo<\/a><\/strong> closed a <\/strong>SAR 2 mn (USD 530k) pre-seed <\/strong>funding round<\/strong>, led by an undisclosed angel investor and an investment fund, according to a press release<\/a>. The capital will go toward product development, creating AI and automated systems, attracting new talent, and expanding partnerships.<\/p>\n

Pickappo?<\/strong> Founded in 2023 by Walid Ghonim (LinkedIn<\/a>) and Ahmed Siam, the Saudi-based startup is developing a unified platform to connect stores, restaurants, and online retailers with delivery and logistics providers. Pickappo currently works with over 300 logistics companies and 50 delivery apps to fulfill 100k+ daily orders, according to its website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The perpetual, five-year callable certificates carry a minimum subscription threshold of USD 200k<\/p>\n","protected":false},"author":1,"featured_media":110393,"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":[2564],"tags":[1116,54,10,5046],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-110392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-aljazira-bank","tag-also-on-our-radar","tag-enterpriseam-ksa","tag-pickappo","wpautop","entry"],"acf":{"mongo_id":"e283e5dc-0a7c-4aaa-b0d0-88f05f809df1","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/1271.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Aljazira Bank closes AT1 issuance, Pickappo raises SAR 2 mn","related_issue":[110377],"teaser":"The perpetual, five-year callable certificates carry a minimum subscription threshold of USD 200k"},"yoast_head":"\nAljazira Bank closes AT1 issuance, Pickappo raises SAR 2 mn - 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