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Alinma Bank announces the commencement of its offering of U.S. Dollar- denominated Additional Tier 1 Capital Certificates
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by Alinma Bank (the “Bank”) published on the website of the Saudi Exchange on (Tadawul) on (16/08/1445H) (corresponding to 26/02/2024G) relating to the Bank's intention to issue U.S. Dollar denominated Additional Tier 1 Capital Certificates through a special purpose company and through a targeted offer to eligible investors inside and outside the Kingdom of Saudi Arabia, the Bank announces the commencement of the offer of U.S. Dollar denominated Additional Tier 1 Capital Certificates. |
| Offer Type | U.S Dollar denominated Additional Tier 1 Capital Certificates |
| Value of the offer | The amount and terms of offer of the Additional Tier 1 Capital Certificates will be determined subject to market conditions. |
| Offering start Date | 2024-02-28 Corresponding to 1445-08-18 |
| Offering end Date | 2024-02-29 Corresponding to 1445-08-19 |
| The targeted class of the issuance | Eligible investors in the Kingdom of Saudi Arabia and internationally. |
| Name of Issuance Manager | The Bank has mandated Abu Dhabi Islamic Bank PJSC, Alinma Investment Company, Emirates NBD Bank P.J.S.C., J.P. Morgan Securities plc, MUFG Securities EMEA plc. and Standard Chartered Bank as joint lead managers 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) | Perpetual, callable after 5 years. |
| Terms of Redemption | The certificates may be redeemed in certain cases as detailed in the offering circular in relation to the additional Tier 1 Capital Certificates. |
| 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 Additional Tier 1 Capital Certificates. The Bank will announce any other relevant material developments to its shareholders in due course as required by the relevant rules and regulations. The Additional Tier 1 Capital Certificates will be listed on the London Stock Exchange's International Securities Market. The Additional Tier 1 Capital Certificates may only be sold in reliance on Regulation S under the 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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