Dukhan Bank Announces the Successful Issuance of Usd 500 Million Additional Tier 1 Capital Sukuk at the Tightest Yield Achieved by a Usd At1 Public Issuance in the Region This Year

- Issuance of Additional Tier 1 Capital Sukuk with a value of USD 500 million and a profit rate of 6%, the tightest yield achieved on an AT1 issuance in the region in 2026

- The transaction attracted strong demand from international and regional investors, reaffirming confidence in Dukhan Bank’s credit fundamentals and Qatar’s economic resilience

Lusail, Qatar - 24 June 2026: Dukhan Bank Q.P.S.C., rated A2 (stable outlook) by Moody’s and A (rating watch negative) by Fitch, successfully issued a USD 500 million perpetual non-call 5.5-year Fixed Rate Resettable Additional Tier 1 Capital Sukuk at a profit rate of 6% - the tightest yield achieved by an Additional Tier 1 Capital Sukuk issuance in the region so far this year.

The transaction was met with strong demand from a diverse base of international and regional institutional and private banking investors. Initial price guidance was released at 6.50%, with a final landing at 6%, representing a tightening of 50bps. Order books were more than 3 times oversubscribed. This reflects the continued confidence in Dukhan Bank’s credit profile and capital position, as well as the depth of demand for Qatari Islamic banks’ credit despite a more cautious backdrop for the region.

His Excellency Sheikh Mohammed bin Hamad bin Jassim Al-Thani, Executive Board Member and Managing Director of Dukhan Bank, commented:

“This issuance reflects the trust investors continue to place in Dukhan Bank and reinforces its standing as one of the leading Islamic banks in the region. It is a testament to the strength of our fundamentals, the discipline of our long-term strategic direction and the confidence the market holds in Qatar’s banking sector. I would like to thank the Qatar Central Bank for their continued support of the banking sector, and our investors and advisors for their confidence in the bank”.

Mr. Ahmed I. Hashem, Acting Group Chief Executive Officer of Dukhan Bank, commented:

“We are very pleased with the outcome of this transaction. Pricing at the tightest yield achieved by an AT1 issuance in the region this year demonstrates the market’s confidence in Dukhan Bank. This issuance strengthens our capital base in line with our growth ambitions and reaffirms our position as a trusted issuer in international capital markets”.

The issuance comes after a series of global investor meetings led by Dukhan Bank’s senior management team. Dukhan Bank mandated Abu Dhabi Commercial Bank, Emirates NBD Capital, HSBC, Mashreq, Standard Chartered Bank, Qatar International Islamic Bank, Qatar Islamic Bank, QNB Capital, The First Investor and Warba Bank to act as Joint Lead Managers and Joint Bookrunners on the transaction.

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