King Abdullah Financial District Development and Management Co. (KAFD DMC), wholly owned by the Public Investment Fund, closed a SAR 12 billion senior-secured Murabaha facility on June 15, 2026, according to Argaam. The 15-year facility is KAFD DMC's first independently arranged loan financing. Al Rajhi Capital acted as structuring advisor on the transaction. Mandated lead arrangers include Al Rajhi Bank, SAB, Saudi National Bank (SNB), Riyad Bank, Alinma Bank, Arab National Bank (ANB) and Gulf International Bank. Bank Albilad, Mashreqbank and the National Bank of Kuwait (NBK) acted as bookrunners. The facility was signed during a week dominated by bank funding activity on Tadawul. The Capital Market Authority approved Riyad Bank's SAR 10 billion debt instrument program on the same day, while Bank AlJazira mandated a syndicate of regional and international banks for a US dollar AT1 capital certificates issuance. Alinma Bank disclosed plans to fully redeem its SAR 5 billion AT1 capital sukuk on July 1, 2026. Separately, the CMA published its 2025 annual report, citing approximately SAR 179.1 million in enforceable penalties against 255 violators.
CMA approves Riyad Bank SAR 10B debt instrument program
The Capital Market Authority approved Riyad Bank's 1010 application to register and publicly offer debt instruments on June 15, 2026, according to a CMA disclosure cited by Argaam. The issuance program carries a ceiling of SAR 10 billion. The approval is valid for six months from June 15, 2026. The CMA stated that the approval will be cancelled if the first tranche under the program is not listed within the six-month window. Riyad Bank was also among the mandated lead arrangers on the KAFD DMC syndicated Murabaha facility signed the same day.
Bank AlJazira mandates banks for USD AT1 capital certificates
Bank AlJazira 1020 mandated a syndicate of regional and international banks for a US dollar denominated Additional Tier 1 capital certificates issuance, according to a Tadawul filing reported by Zawya. The issuance falls under a program established on September 4, 2025. Joint lead managers include Abu Dhabi Commercial Bank (ADCB), AlJazira Capital, Arqaam Capital, ASB Capital, Citigroup, Emirates NBD, First Abu Dhabi Bank (FAB), Goldman Sachs, JPMorgan and Standard Chartered. The bank said proceeds will be used to strengthen Tier 1 capital. The size and pricing of the issuance will be determined subject to market conditions, per the disclosure.
Alinma Bank to redeem SAR 5B AT1 capital sukuk
Alinma Bank 1150 disclosed via Tadawul that it will fully redeem its SAR 5 billion AT1 capital sukuk on July 1, 2026, five years after issuance. The bank said all 5,000 units will be repaid in full alongside outstanding periodic distributions. Regulatory approval for the redemption has been secured, according to the filing. Riyad Bank is acting as payment administrator on the transaction, while Riyad Capital is sukukholders' agent. The redemption coincides with the wave of bank capital-markets activity disclosed across Tadawul this week, including Bank AlJazira's mandated AT1 issuance and Riyad Bank's SAR 10 billion debt program approval.
CMA reports SAR 179.1M in 2025 enforcement fines
The Capital Market Authority and the Committees for the Resolution of Securities Disputes issued enforceable penalties against 255 violators totaling approximately SAR 179.1 million in 2025, according to the CMA's 2025 annual report cited by Argaam. Board members and senior executives accounted for 108 of the violators, with an 82.4% enforcement rate. Investors numbered 97 violators, with a 63.9% enforcement rate. A total of 44 capital market institutions were sanctioned, with a 95.5% enforcement rate. The figures cover penalties classified as enforceable during the calendar year, per the report.
BinDawood secures SAR 217.8M Murabaha to fund Vaza Food acquisition
BinDawood Holding 4161 secured a SAR 217.8 million ($58.1 million) Shariah-compliant Murabaha facility to fund its 51% acquisition of Vaza Food Co., according to a Tadawul filing cited by Argaam. The financing was arranged with Arab National Bank and Emirates NBD. Vaza Food is a Saudi confectionery, bakery and food manufacturer. The one-year revolving facility carries no bank guarantees, per the disclosure. In other corporate news this week, Anmat Technology signed a SAR 314.5 million contract with Saudi Energy, Southern Province Cement Co. 3050 shareholders approved a SAR 0.25 per share cash dividend for the second half of 2025, and First Avenue Real Estate Development Co. shareholders approved a 46.34% capital increase through a bonus share issue.
Outlook
On the Tadawul calendar for the week ahead, Alinma Bank's 1150 full redemption of its SAR 5 billion AT1 capital sukuk is scheduled for July 1, 2026, with Riyad Bank acting as payment administrator. Riyad Bank's 1010 CMA-approved SAR 10 billion debt instrument program carries a six-month window from June 15, 2026 for the listing of the first tranche. Yaqeen Capital 1024 is acting as financial advisor and lead manager on MSGA Investment Co.'s upcoming Nomu listing, with the offering price announced June 14. Bank AlJazira's 1020 US dollar AT1 capital certificates issuance pricing is pending, subject to market conditions per the bank's disclosure.
