Al Rajhi Bank announces the commencement of the offer of its U.S. dollar denominated sustainable Sukuk under its international Sukuk programme

Al Rajhi Bank announces the commencement of the offer of its U.S. dollar denominated sustainable Sukuk under its international Sukuk programme

Element List

Explanation

Introduction

With reference to the announcement from Al Rajhi Bank (the “Bank”) published on the website of the Saudi Exchange on 23/08/1445H (corresponding to 04/03/2024G) regarding its intention to issue U.S. dollar denominated sustainable Sukuk (the “Sukuk”) through a special purpose vehicle and offering it to eligible investors in the Kingdom of Saudi Arabia and internationally, the Bank would like to announce the commencement of the offer of the sustainable Sukuk.

Offer Type

U.S. DOLLAR DENOMINATED SUSTAINABLE SUKUK

Value of the offer

The amount and terms of offer of the sustainable Sukuk will be determined subject to the market conditions.

Offering start Date

2024-03-05 Corresponding to 1445-08-24

Offering end Date

2024-03-06 Corresponding to 1445-08-25

The targeted class of the issuance

Eligible investors in the Kingdom of Saudi Arabia and internationally.

Name of Issuance Manager

The Bank has mandated Al Rajhi Capital Company, Abu Dhabi Commercial Bank PJSC, Abu Dhabi Islamic Bank PJSC, Citigroup Global Markets Limited, Dubai Islamic Bank P.J.S.C., Emirates NBD Capital Limited, First Abu Dhabi Bank PJSC, Goldman Sachs International, HSBC Bank plc, KFH Capital Investment Company K.S.C.C., SMBC