| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement from Riyad Bank (the “Bank”) published on the website of the Saudi Exchange on 23/03/1446H (corresponding to 26/09/2024G) regarding the commencement of the Bank's offer of U.S. dollar denominated additional tier 1 capital sustainable sukuk (the “Sukuk”) by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally, the Bank would like to announce the completion of the offer of the Sukuk, and the settlement of the Sukuk issuance will be on 30/03/1446H (corresponding to 03/10/2024G). |
| Offer Type | U.S. dollar denominated additional tier 1 capital sustainable sukuk. |
| Value of the offer | USD 750,000,000 |
| Total number of (Bonds/Sukuk) | 3,750 (based on the minimum denomination and total issue size). |
| Par Value (Bonds/Sukuk) | USD 200,000 |
| Return (Bonds/Sukuk) | 5.50% (per annum) |
| Maturity (Bonds/Sukuk) | 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 | 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.