Arab Bank announced the successful issuance of USD 250 million in Additional Tier 1 (AT1)
\nCapital Securities. The milestone marks the first sustainable perpetual AT1 issue in Jordan.
\nThe bond, which was issued through a private placement, is listed on the International Securities
\nMarket (ISM) and the Sustainable Bond Market of the London Stock Exchange. The bond,
\nwhich offers investors an interest rate of 8%, attracted a diverse group of investors, including
\nlarge institutional and individual investors from Jordan and several other countries where Arab
\nBank operates.
\nThe issuance is intended to further strengthen the bank\u2019s capital base and diversify its sources of
\nfunding, to support its future plans for regional growth and expansion.
\nArab Bank\u2019s Chairman Sabih Masri expressed his gratitude towards investors and stated: "The
\noverwhelming demand for this issuance, which exceeded the issue size, underscores the deep-
\nrooted confidence that local and regional investors bestow upon Arab Bank.\u201d He also extended
\nhis sincere thanks to the Central Bank of Jordan and Jordan Securities Commission for their
\ninstrumental support.
\n\u201cWe are proud to receive such a strong vote of confidence from investors in response to this
\nsignificant issuance\u201d commented Ms. Randa Sadik, Arab Bank\u2019s CEO. The proceeds of the
\nissuance will be used to finance a portfolio of qualified sustainable projects, in line with Arab
\nBank\u2019s strategy to integrate Environmental, Social and Governance (ESG) principles across the
\norganisation.
\n"In the upcoming period, we anticipate further initiatives, which will further boost the bank\u2019s
\nperformance across the various business sectors\u201d Ms. Sadik added. \u201cOur emphasis will remain
\non expanding into new markets, diversifying our revenue streams and continuing to provide
\ncomprehensive banking services and solutions, supported by integrated digital platforms and
\nchannels."
\nArab Bank, headquartered in Amman Jordan, was established in 1930 and currently has one of
\nthe largest global Arab banking networks with over 600 branches spanning five continents and
\ncovering key financial markets and centres. Earlier this year, Arab Bank was named the \u201cBest
\nBank in the Middle East for 2023\u201d by Global Finance magazine for the eighth consecutive year.<\/p>\n","protected":false},"excerpt":{"rendered":"
Arab Bank announced the successful issuance of USD 250 million in Additional Tier 1 (AT1) Capital Securities. The milestone marks the first sustainable perpetual AT1 issue in Jordan. The bond, which was issued through a private placement, is listed on the International Securities Market (ISM) and the Sustainable Bond Market of the London Stock Exchange. […]<\/p>\n","protected":false},"author":3,"featured_media":1631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[91,47,39,83,130,43,107,15],"tags":[186,1000],"class_list":["post-1630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arab-countries-en","category-banks-insurance-en","category-business-economy-en","category-egypt-en","category-featured-en","category-finance-investment-en","category-funding-round","category-press-releases","tag-arab-bank","tag-investment"],"yoast_head":"\n