Arab National Bank announces USD 750 million sukuk: target for Arab National Bank stock is SAR 24.62
Published on 10/15/2026 at 10:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCapital raising and results timeline
- Arab National Bank's USD 750 million sukuk drew orders above USD 3 billion on October 1, 2026.
- Second-quarter net income reached SAR 1.42 billion for the period ended June 30, 2026.
- Arab National Bank stock closed at SAR 21.25 on October 15, 2026, while its 52-week high was SAR 25.96.
- Nine analysts set an average SAR 24.62 target on the stock.
Arab National Bank (ISIN SA0007879105) is the subject of a USD 750 million additional tier 1 sukuk announced on October 1, 2026. Gulf Daily News reported that ASB Capital was appointed joint lead manager and bookrunner for the issue.
Why the sukuk matters
The transaction carried a 6.50 percent profit rate and drew orders above USD 3 billion, more than four times the USD 750 million issue size, according to Gulf Daily News. The certificates are perpetual, callable after five years, and listed on the London Stock Exchange's International Securities Market.
Three dates shape the story
On June 30, 2026, Arab National Bank reported second-quarter net income of SAR 1.42 billion and earnings per share of SAR 0.68, figures carried by TickerLandia. On September 22, 2026, the stock closed at SAR 22.74. On October 1, 2026, the bank's sukuk carried a USD 750 million principal amount and a 6.50 percent rate.
What comes next for earnings?
The next dated event is quarterly results on October 22, 2026, according to TickerLandia. That date gives investors a near-term checkpoint for whether the bank can extend the Q2 result, when net income stood at SAR 1.42 billion and the reported net margin was 55.5 percent.
Target remains above the latest close
Nine analysts set an average target of SAR 24.62, while the latest Tadawul close was SAR 21.25 and the 52-week high was SAR 25.96, according to TickerLandia. Arab National Bank's investor-relations page describes the company as a Saudi listed joint stock company headquartered in Riyadh, with retail, corporate, treasury and investment services.
