Al Rajhi Bank announces its intention to issue U.S. Dollar denominated additional tier 1 capital sustainable sukuk under its international additional tier 1 capital Sukuk programme

Al Rajhi Bank announces its intention to issue U.S. Dollar denominated additional tier 1 capital sustainable sukuk under its international additional tier 1 capital Sukuk programme

Element List Explanation Introduction Al Rajhi Bank (the “Bank”) announces its intention to issue U.S. Dollar denominated additional tier 1 capital sustainable sukuk (the “Sukuk”) under its international additional tier 1 capital Sukuk programme established by it on 18 April 2024, based on its Board of Directors resolution dated 15/09/1445H (corresponding to 25/03/2024G). The issuance is expected to be through a special purpose vehicle and by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally (the “Proposed Offer”). The Bank has mandated Al Rajhi Capital Company, Citigroup Global Markets Limited, Dubai Islamic Bank PJSC, Emirates NBD Bank P.J.S.C., Goldman Sachs International, HSBC Bank plc and Standard Chartered Bank as Joint Lead Managers & Bookrunners in relation to the Proposed Offer. Offer Type U.S. dollar denominated additional tier 1 capital sustainable sukuk. Date of the board’s decision 2024-03-25 Corresponding to 1445-09-15 Value of the offer The amount and terms of offer of the Sukuk will be