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AL Salam Bank announced the appointment of ASB Capital, the asset management and investment banking arm of Al Salam Bank Group with AUM of $6 billion, by Alinma Bank as joint lead manager for its $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’s leadership in delivering innovative Sukuk solutions and deepening its influence across regional capital markets .
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