Riyad Bank announces its intention to issue U.S. dollar denominated tier 2 capital sustainable notes under its medium term note programme

Element List	Explanation
Introduction	Riyad Bank (the “Bank”) announces its intention to issue U.S. dollar denominated tier 2 capital sustainable notes (the “Notes”) under its medium term note programme established by it on 05/01/2026G, based on its Board of Directors resolution dated 05/02/1446H (corresponding to 09/08/2024G).

The issuance of Notes will be by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally (the “Proposed Offer”).

The Bank has mandated First Abu Dhabi Bank PJSC, Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), DBS Bank Ltd, Emirates NBD Capital, HSBC Bank plc, Merrill Lynch Kingdom of Saudi Arabia, Mizuho International plc, Riyad Capital, SMBC Bank International plc and Standard Chartered Bank as Joint Lead Managers in relation to the Proposed Offer. Offer Type U.S. dollar denominated tier 2 capital sustainable notes. Date of the board’s decision 2024-08-09 Corresponding to 1446-02-05 Value of the offer The amount and terms of the offer of Notes will be determined subject to the market conditions The Purpose of the offer General banking purposes. Approvals The offer of the Notes 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 Notes. The Bank will announce any other relevant material developments 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.