Banque Saudi Fransi (BSF) announces its intention to issue Additional Tier 1 Sukuk denominated in Saudi Arabian Riyals.

Element List	Explanation
Introduction	Banque Saudi Fransi (the “Bank”) announces its intention to issue by way of private placement in the Kingdom of Saudi Arabia a SAR denominated Additional Tier 1 Sukuk under its SAR 8,000,000,000 Additional Tier 1 Capital Sukuk Programme (the “Programme”) based on its Board of Directors resolution dated (22-01-2024G Corresponding to 10-07-1445H) in which it delegated certain Executive Management members with all powers and authority necessary or appropriate on behalf of the Bank to establish the Programme and to carry out the issuance of any Series of Sukuk from time to time.

Element List

Explanation

Introduction

Banque Saudi Fransi (the “Bank”) announces its intention to issue by way of private placement in the Kingdom of Saudi Arabia a SAR denominated Additional Tier 1 Sukuk under its SAR 8,000,000,000 Additional Tier 1 Capital Sukuk Programme (the “Programme”) based on its Board of Directors resolution dated (22-01-2024G Corresponding to 10-07-1445H) in which it delegated certain Executive Management members with all powers and authority necessary or appropriate on behalf of the Bank to establish the Programme and to carry out the issuance of any Series of Sukuk from time to time.

The Bank has mandated Saudi Fransi Capital as Sole Bookrunner, Lead Arranger and Lead Manager for the potential private placement offer. Offer Type Additional Tier 1 Sukuk denominated in Saudi Arabian Riyals under the SAR 8,000,000,000 Additional Tier 1 Capital Sukuk Programme. Date of the board’s decision 2024-01-22 Corresponding to 1445-07-10 Value of the offer The number and value of any Sukuk to be offered will be determined based on market conditions. The Purpose of the offer The purpose of the potential offer is to strengthen the Bank’s capital base. Approvals The offer of the Certificates will be subject to the approval of the relevant regulatory authorities and will be made in compliance with applicable laws and regulations. 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 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.