Riyad Bank announces its intention to issue International Tier 2 Sukuk denominated in U.S dollars

Element List	Explanation
Introduction	Reference to the announcement from Riyad Bank (the “Bank”) published on the website of the Saudi Stock Exchange (Tadawul) on 5/5/1439H (corresponding to 22/1/2018) relating to its intention to establish a programme to issue primary and secondary bonds and instruments inside and outside the Kingdom of Saudi Arabia as deemed appropriate by the Bank (the “Programme”), the Bank would like to announce the establishment of the Programme and its intention to offer its first trust certificates under the Programme pursuant to the terms and conditions determined by the Bank and subject to market conditions.

Element List

Explanation

Introduction

Reference to the announcement from Riyad Bank (the “Bank”) published on the website of the Saudi Stock Exchange (Tadawul) on 5/5/1439H (corresponding to 22/1/2018) relating to its intention to establish a programme to issue primary and secondary bonds and instruments inside and outside the Kingdom of Saudi Arabia as deemed appropriate by the Bank (the “Programme”), the Bank would like to announce the establishment of the Programme and its intention to offer its first trust certificates under the Programme pursuant to the terms and conditions determined by the Bank and subject to market conditions.

The Bank has mandated J.P Morgan, Riyad Capital, Standard Chartered Bank, First Abu Dhabi Bank and HSBC as Joint Lead Managers for the potential offer. Issuance Type International Tier 2 Sukuk denominated in U.S dollars Board Resolution Date 2018-07-30 Corresponding to 1439-11-17 Issuance Amount The total value of the Programme will not exceed USD 3,000,000,000, and the terms and conditions of the first offer under the Programme (including the value thereof) will be determined in accordance with market conditions. Purpose of Issuance The purpose of the potential offer is to diversify sources of finance and its maturity, and strengthen the capital base of the Bank, thus supporting the expansion of its credit business and supporting its banking activities. Approvals The potential offer will be subject to the approval of the relevant regulatory authorities and will be made in accordance with the applicable laws and regulations. Additional Information This announcement is not intended as an invitation of offer to purchase, acquire or subscribe to any securities. The Bank will announce any other relevant material developments to its shareholder in due course.

The Capital Market Authority and the Saudi Stock 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.

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.