SNB to issue SR-denominated Additional Tier 1 Sukuk

Saudi National Bank (the “Bank”) announces its intention to issue SAR-denominated Additional Tier 1 Sukuk (the “Sukuk”). The offer is expected to be by way of an offer to eligible investors in the Kingdom of Saudi Arabia (the “Proposed Offer”).

The Bank has mandated SNB Capital Company as Sole Bookrunner, Lead Arranger and Lead Manager for the Proposed Offer.

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

The purpose of the Potential Offer is to strengthen the Bank’s capital base in accordance with the Basel III framework.

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.

Additional Information:

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.