Riyad Bank announces intention to issue SAR-denominated ‎Tier 1 capital Sukuk

Riyad Bank (the “Bank”) announces its intention to issue Saudi Arabian Riyal (“SAR”)-denominated Additional Tier 1 capital Sukuk (the “Sukuk”) by way of a private placement in the Kingdom of Saudi Arabia (the “Potential Offer”).

The Bank has mandated Riyad Capital as Sole Lead Manager and Bookrunner for the Potential Offer.

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

Offer of the Sukuk will be subject to the approval of the relevant regulatory authorities and will be made in compliance with applicable laws and regulations.

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 Sukuk. The Bank will announce any other relevant material developments in due course as required by the relevant rules and regulations.