SNB offers SAR-Denominated Additional Tier 1 Sukuk

With reference to the announcement from Saudi National Bank (the “Bank”) published on the website of the Saudi Exchange on 13/01/1444H

corresponding to 11/08/2022G regarding its intention to issue SAR-denominated Additional Tier 1 Sukuk (the “Sukuk”) by offering it to eligible investors in the Kingdom of Saudi Arabia, the Bank would like to announce the commencement of the offer of the Sukuk, with minimum subscription is SR 1,000,000 and the par value is SR 1,000,000.

The Bank targets institutional and qualified clients as defined in the list of terms used in the regulations and rules of the Capital Market Authority in accordance with Article 8 (a) (1) of the Rules on the Offer of Securities and Continuing Obligations issued by the Board of the Capital Market Authority.

He also appointed Al-Ahly Capital as the lead manager, the lead manager, and the lead coordinator.

Additional Information:

The Offering End Date referred to above is the expected date of the end of the offering, subject to market conditions.

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.