The Saudi Investment Bank announces the commencement of the offer of the second tranche of its SAR denominated Tier 1 Sukuk

0.63 %
1444/07/09     31/01/2023 09:32:42

Element ListExplanation
Introduction Reference is made to the announcement from Saudi Investment Bank (the “Bank”) published on the website of the Saudi Stock Exchange (Tadawul) on 02/07/1444H (corresponding to 24/01/2023G).

The Bank would like to announce the commencement of the offer of the second tranche of the Sukuk Programme.

Offer Type Tier I Sukuk denominated in Saudi Arabian Riyals.
Value of the offer The number and value of any Sukuk to be offered will be determined based on market conditions.
Offering start Date 2023-01-31 Corresponding to 1444-07-09
Offering end Date 2023-02-05 Corresponding to 1444-07-14
The targeted class of the issuance Institutional and qualified investors, in accordance with the Capital Market Authority Rules on the Offer of Securities and Continuing Obligations.
Name of Issuance Manager The Bank has mandated Alistithmar for Financial Securities and Brokerage Company as the Lead Manager and Bookrunner for the potential offer.
Minimum Subscription SAR 1,000,000
Offer Price (Sukuk /Bonds) Subject to market conditions.
Par Value SAR 1,000,000
Return (Sukuk /Bonds) Subject to market conditions.
Maturity (Sukuk /Bonds) Perpetual, with some redemption rights subject to the terms and conditions of the Sukuk.
Terms of Redemption The Sukuk are perpetual securities and accordingly do not have a fixed or final redemption date. However, they may be redeemed by the Bank in certain cases as detailed in the offering circular in relation to the Sukuk.
Additional Information This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities. The Bank will announce any other relevant material developments to its shareholders in due course as required by the relevant rules and regulations.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Key Parameters
Last Price 16.1
Net Change 0.1 (+0.63%)
Value Traded (Sar) 4,032,967.72
Volume Traded 251,560
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