Arab National Bank raised USD 750 million sukuk: SAR 24.62 target for Arab National Bank stock

Published on 10/12/2026 at 10:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second quarter net income reached SAR 1.42 billion, with earnings per share SAR 0.68 versus SAR 0.61. Nine analysts set SAR 24.62 for Arab National Bank stock.

Key points in brief

Arab National Bank raised USD 750.00 million through a perpetual additional tier 1 sukuk dated October 1, 2026.
Orders exceeded USD 3.00 billion, more than four times the issue size, at a 6.50 percent profit rate.
Second-quarter 2026 net income reached SAR 1.42 billion, while earnings per share came to SAR 0.68.
Nine analysts set an average SAR 24.62 target, compared with a Tadawul price of SAR 21.41 on October 12, 2026.

Arab National Bank, SA0007879105, Illustration mit AI erstellt.

Arab National Bank (ISIN SA0007879105) raised USD 750.00 million through a perpetual additional tier 1 sukuk dated October 1, 2026, according to Gulf Daily News. The issue drew orders exceeding USD 3.00 billion and carried a 6.50 percent profit rate, while Investing.com lists an average target of SAR 24.62 from nine analysts.

Capital raised at 6.50 percent

The order book exceeded four times the issue size, a concrete demand signal for the bank's capital-market funding. The perpetual certificates are callable after five years and are listed on the London Stock Exchange's International Securities Market, according to Gulf Daily News.

For investors, the key trade-off is visible in the 6.50 percent rate: the financing expands additional tier 1 capital, but it also creates a recurring distribution obligation. The source described the transaction as a perpetual instrument rather than a conventional maturity-dated bond.

Second-quarter profit reached SAR 1.42 billion

Arab National Bank reported second-quarter 2026 net income of SAR 1.42 billion and revenue of SAR 2.74 billion, while net margin stood at 51.90 percent, according to TickerLandia. The same source records earnings per share of SAR 0.68 against a SAR 0.61 estimate, giving the latest quarter a quantified earnings comparison.

Three dated milestones for the stock

On October 7, 2025, Arab National Bank stock closed at SAR 25.30, the one-year reference high shown by TickerLandia. On July 29, 2026, the latest quarterly disclosure listed earnings per share of SAR 0.68 and a SAR 0.58 estimate, according to Investing.com. The October 1, 2026 sukuk issuance is the latest financing milestone.

What does the sukuk mean for capital?

The USD 750.00 million issue sits alongside a SAR 20.00 billion paid-up capital base disclosed on Arab National Bank's investor-relations page. The more than USD 3.00 billion order book gives the transaction a demand comparison, while the 6.50 percent rate defines its funding cost, according to Gulf Daily News.

Next results date is October 22

Quarterly results are scheduled for October 22, 2026, according to TickerLandia. That date follows the second-quarter figures of SAR 1.42 billion net income and SAR 0.68 earnings per share, making profit quality and capital costs the central measurable items for the next update.

Tadawul price stands at SAR 21.41

Arab National Bank was trading at SAR 21.41 on Tadawul on October 12, 2026 at 9:41 a.m. AST. The quoted 52-week range was SAR 19.60 to SAR 26.26, while market capitalization stood at SAR 42.5 billion on the same date.