Saudi Awwal Bank announces the completion of the offer of its USD denominated Additional Tier 1 Green Sukuk

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Introduction	With reference to the announcement made by Saudi Awwal Bank (the "Bank") published on the website of the Saudi Exchange on 16/11/1446H (corresponding to 14/05/2025G), relating to the commencement of the Bank’s offer of its U.S.$ Dollar ("USD") denominated Additional Tier 1 Green Sukuk (the "Sukuk") by way of private placement in the Kingdom of Saudi Arabia and internationally pursuant to its USD 5,000,000,000 Additional Tier 1 Sukuk issuance programme, the Bank is pleased to announce the completion of the offer of the Sukuk.

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Explanation

Introduction

With reference to the announcement made by Saudi Awwal Bank (the "Bank") published on the website of the Saudi Exchange on 16/11/1446H (corresponding to 14/05/2025G), relating to the commencement of the Bank’s offer of its U.S.$ Dollar ("USD") denominated Additional Tier 1 Green Sukuk (the "Sukuk") by way of private placement in the Kingdom of Saudi Arabia and internationally pursuant to its USD 5,000,000,000 Additional Tier 1 Sukuk issuance programme, the Bank is pleased to announce the completion of the offer of the Sukuk.

The settlement of the Sukuk issuance will be on 23-04-1446H (corresponding to 21-05-2025G). Offer Type Private placement of USD denominated Additional Tier 1 Green Sukuk. Value of the offer USD 650,000,000 Total number of (Bonds/Sukuk) 3,250 Sak (based on the minimum denomination and total issue size). Par Value (Bonds/Sukuk) USD 200,000. Return (Bonds/Sukuk) 6.50% (per annum) Maturity (Bonds/Sukuk) Perpetual (subject to early redemption on a Call Date or as otherwise specified in the base offering circular, the supplement base offering circular and the applicable final terms relating to the Sukuk). Terms of Redemption The Sukuk are perpetual securities and accordingly do not have a fixed or final redemption date. However, they may be redeemed by the Bank in certain cases as detailed in the base offering circular, the supplemental base offering circular and the applicable pricing supplement relating 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.