{"id":5833,"date":"2025-11-18T00:00:00","date_gmt":"2025-11-17T21:00:00","guid":{"rendered":"https:\/\/alsalambank.com\/al-salam-bank-announces-appointment-of-asb-capital-as-joint-lead-manager-for-alinma-banks-usd-500-million-sukuk-issuance\/"},"modified":"2025-11-18T00:00:00","modified_gmt":"2025-11-17T21:00:00","slug":"al-salam-bank-announces-appointment-of-asb-capital-as-joint-lead-manager-for-alinma-banks-usd-500-million-sukuk-issuance","status":"publish","type":"post","link":"https:\/\/www.alsalambank.com\/en\/al-salam-bank-announces-appointment-of-asb-capital-as-joint-lead-manager-for-alinma-banks-usd-500-million-sukuk-issuance\/","title":{"rendered":"Al Salam Bank Announces Appointment of \n         ASB Capital as Joint Lead Manager for Alinma Bank\u2019s USD 500 Million Sukuk Issuance"},"content":{"rendered":"<p><strong>Manama, Kingdom of Bahrain \u2013 16 November 2025: <\/strong>Al Salam Bank announced the appointment of ASB Capital, the asset management and investment banking arm of Al Salam Bank Group with AUM of USD 6 billion, by Alinma Bank as Joint Lead Manager for its USD 500 million Tier 2 Sukuk issuance, alongside Alinma Capital, Citigroup Global Markets, DBS Bank, Goldman Sachs International, J.P. Morgan Securities and Standard Chartered Bank, amid notable activity in the issuance of debt instruments from Saudi banks. The mandate, coming on the heels of Gateway Gulf in Bahrain, reinforces ASB Capital\u2019s leadership in delivering innovative Sukuk solutions and deepening its influence across regional capital markets. <\/p>\n<p>Since its establishment in 2024, ASB Capital has expanded its assets under management to USD 6 billion and played a leading role in several notable capital markets transactions across the region. These include serving as Joint Lead Manager and Bookrunner for Bapco Energies\u2019 USD 1 billion Sukuk, advising on Al Salam Bank\u2019s USD 450 million AT1 issuance, and supporting Solidarity Bahrain\u2019s USD 114 million Tier 2 capital instrument. Most recently, the firm acted as Joint Lead Manager and Bookrunner on Kuwait International Bank\u2019s USD 300 million Sustainable Tier 2 Sukuk. In addition to its track record in the debt capital market space, ASB Capital has successfully executed several M&amp;A advisory mandates during the year spanning various industries including insurance, real estate and banking.<\/p>\n<p>Commenting on the appointment, Rafik Nayed, Managing Director of ASB Capital, said: \u201cThis mandate builds on a strong pipeline of capital markets activity across the Gulf. We continue to see sustained appetite for Sukuk, as issuers look to optimize capital structures and diversify long-term funding sources, while investors focus on resilient, well-structured opportunities backed by strong fundamentals. The depth and maturity of the regional market is creating space for more sophisticated instruments and wider participation. ASB Capital will remain at the forefront of enabling this growth by supporting clients throughout issuance, execution, and investor engagement.\u201d<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u200bOn November 16, 2025, Al Salam Bank announced the appointment of ASB Capital as Joint Lead Manager for Alinma Bank&#8217;s USD 500 million Tier 2 Sukuk issuance. ASB Capital, the asset management and investment banking division of Al Salam Bank Group, oversees assets totaling USD 6 billion. This appointment, alongside notable participation from firms like Alinma Capital and J.P. Morgan, highlights ASB Capital&#8217;s growing leadership in providing innovative Sukuk solutions and expanding its impact within regional capital markets, particularly amid increased debt issuance activity by Saudi banks.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5833","post","type-post","status-publish","format-standard","hentry","category-press-release"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/posts\/5833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/comments?post=5833"}],"version-history":[{"count":0,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/posts\/5833\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/media?parent=5833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/categories?post=5833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/tags?post=5833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}