Saudi Investment Bank Mulls Redemption of SR 500 mln Additional Tier 1 Capital Sukuk

The Saudi Investment Bank (the “Issuer”) announces its intention to exercise its Issuer Call Option (in full) in respect of its SAR 500,000,000 Additional Tier 1 Capital Sukuk (the “Sukuk”) issued on 21-11-2016G corresponding to 21-02-1438H at face value on the First Call Date, being 21-11-2021G corresponding to 16-04-1443H.

The Sukuk was issued by way of a private placement on 21-11-2016, with an aggregate face value of SR 500,000,000 and, as per the terms and conditions of the Sukuk, can be redeemed at the option of the Issuer (The Saudi Investment Bank) on the First Call Date.

Regulatory approval has been obtained to allow the Issuer to exercise its call option on the First Call Date.

The redemption amount together with any periodic distribution amounts (profit for the current periodic distribution period ending 21-11-2021 will be transferred to the Sukukholders’ accounts on 21-11-2021, based on their respective holdings as of opening of business on the Transfer Record Date, being seven Business Days prior to the due date for payment.