Al Rajhi Bank announces the commencement of the offer of its U.S. dollar denominated sustainable Sukuk under its international Sukuk programme

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1445/08/24     05/03/2024 08:39:27

Element ListExplanation
Introduction With reference to the announcement from Al Rajhi Bank (the “Bank”) published on the website of the Saudi Exchange on 23/08/1445H (corresponding to 04/03/2024G) regarding its intention to issue U.S. dollar denominated sustainable Sukuk (the “Sukuk”) through a special purpose vehicle and offering it to eligible investors in the Kingdom of Saudi Arabia and internationally, the Bank would like to announce the commencement of the offer of the sustainable Sukuk.
Value of the offer The amount and terms of offer of the sustainable Sukuk will be determined subject to the market conditions.
Offering start Date 2024-03-05 Corresponding to 1445-08-24
Offering end Date 2024-03-06 Corresponding to 1445-08-25
The targeted class of the issuance Eligible investors in the Kingdom of Saudi Arabia and internationally.
Name of Issuance Manager The Bank has mandated Al Rajhi Capital Company, Abu Dhabi Commercial Bank PJSC, Abu Dhabi Islamic Bank PJSC, Citigroup Global Markets Limited, Dubai Islamic Bank P.J.S.C., Emirates NBD Capital Limited, First Abu Dhabi Bank PJSC, Goldman Sachs International, HSBC Bank plc, KFH Capital Investment Company K.S.C.C., SMBC Capital Markets Limited, Société Générale and Standard Chartered Bank as Joint Lead Managers & Bookrunners in relation to the proposed offer.
Minimum Subscription USD 200,000 and in increments of USD 1,000 in excess thereof.
Offer Price (Sukuk /Bonds) It is subject to market conditions.
Par Value USD 200,000
Return (Sukuk /Bonds) It is subject to market conditions.
Maturity (Sukuk /Bonds) 5 years.
Terms of Redemption The sustainable Sukuk may be redeemed prior to the scheduled maturity date in certain cases as detailed in the offering circular in relation to the sustainable Sukuk.
Additional Information This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the sustainable Sukuk. The Bank will announce any other relevant material developments in due course as required by the relevant rules and regulations.

The sustainable Sukuk will be listed on the London Stock Exchange's International Securities Market. The sustainable Sukuk may be sold in reliance on Regulation S under the US Securities Act of 1933, as amended.

The Offering End Date referred to above is the expected date of the end of the offering, subject to market conditions.

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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