| Element List | Explanation |
|---|---|
| Issuance Type | Tier II SAR denominated Sukuk offered by way of private placement in the Kingdom of Saudi Arabia. |
| Introduction | Further to the announcement made by the Saudi British Bank (the “Bank”) on the website of the Saudi Stock Exchange (Tadawul) on 15/11/1441H (corresponding to 6 July 2020G) regarding the commencement of offering of Sukuk (the “Sukuk”) pursuant to the Bank’s local Sukuk Programme (the “Local Programme”), the Bank hereby announces completion of offering the first issuance of Sukuk pursuant to the Local Programme. |
| Issuance Type | Tier II SAR denominated Sukuk offered by way of private placement in the Kingdom of Saudi Arabia. |
| Issuance Amount | .(Five billion Saudi Riyals (SAR 5,000,000,000 |
| Total number of (Bonds/Sukuk) | .Five thousand (5,000) Sak |
| Par Value (Bonds/Sukuk) | .(One million Saudi Riyals (SAR 1,000,000 |
| Return (Bonds/Sukuk) | . 6months SAIBOR + Margin of 195 basis points |
| Maturity (Bonds/Sukuk) | . 22july 2030 callable on 22 July 2025 |
| Terms of Redemption | Redemption on maturity and early redemption (including on the call date at the option of the Bank), subject to the terms and conditions of the Sukuk. |
| Additional Information | The Bank mandated HSBC Saudi Arabia as Sole Book runner, Lead Arranger and Lead Manager for the private placement of 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.