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Saudi National Bank announces the completion of the offer of its SAR-denominated Additional Tier 1 Sukuk

1180
SNB
-1.19 %
1446/05/19     21/11/2024 15:36:19

Element ListExplanation
Introduction With reference to the announcement from Saudi National Bank (the “Bank”) published on the website of the Saudi Exchange on 08/05/1446H (corresponding to 10/11/2024G) regarding the commencement of the Bank's offer of SAR-denominated Additional Tier 1 Sukuk (the “Sukuk”) by way of an offer to eligible investors in the Kingdom of Saudi Arabia, the Bank would like to announce the completion of the offer of the Sukuk and the settlement of the Sukuk issuance on 19/05/1446H (corresponding to 21/11/2024G).
Offer Type SAR-denominated Additional Tier 1 Sukuk.
Value of the offer SAR 6,000,000,000
Total number of (Bonds/Sukuk) 6,000 (based on the minimum denomination and total issue size).
Par Value (Bonds/Sukuk) SAR1,000,000 per Sak.
Return (Bonds/Sukuk) 6.00% per annum from (and including) the issue date up to (but excluding) 21 November 2029G. If the Sukuk are not redeemed or purchased and cancelled in accordance with the terms and conditions of the Sukuk on or prior to 21 May 2030G, the rate of return will then be reset on such date and every five years thereafter as detailed in the term sheet in relation to the Sukuk.
Maturity (Bonds/Sukuk) Perpetual (subject to early redemption on a Call Date or as otherwise specified in the terms and conditions).
Terms of Redemption The Sukuk may be redeemed in certain cases as detailed in the term sheet in relation to the Sukuk.

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 33.3
Net Change -0.4 (-1.19%)
Value Traded (Sar) 106,767,833.9
Volume Traded 3,190,582
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