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Al Rajhi Bank announces the commencement of the offer of its U.S. dollar denominated additional tier 1 capital sustainable sukuk under its international additional tier 1 capital sukuk programme

1120
ALRAJHI
-0.10 %
1446/07/14     14/01/2025 09:07:54

Element ListExplanation
Introduction With reference to the announcement from Al Rajhi Bank (the “Bank”) published on the website of the Saudi Exchange on 13/07/1446H (corresponding to 13/01/2025G) regarding its intention to issue U.S. dollar denominated additional tier 1 capital 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 Sukuk.
Offer Type U.S. dollar denominated additional tier 1 capital sustainable sukuk.
Value of the offer The amount and terms of offer of the Sukuk will be determined subject to the market conditions.
Offering start Date 2025-01-14 Corresponding to 1446-07-14
Offering end Date 2025-01-15 Corresponding to 1446-07-15
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, Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, Dubai Islamic Bank PJSC, Emirates NBD Bank P.J.S.C., Goldman Sachs International, HSBC Bank plc, J.P. Morgan Securities plc, Mashreqbank psc (acting through its Islamic Banking Division), Morgan Stanley & Co. International plc, MUFG

Securities EMEA plc, SMBC Bank International plc and Standard Chartered Bank as Joint Lead Managers & Bookrunners.

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 Sukuk may be redeemed 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 and is subject to the terms and conditions of the Sukuk. The Bank will announce any other relevant material developments in due course as required by the relevant rules and regulations.

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

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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Last Price 99.5
Net Change -0.1 (-0.1%)
Value Traded (Sar) 177,796,160.1
Volume Traded 1,784,530
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