Banque Saudi Fransi announces issuing U.S. Dollar Denominated Notes Under Medium-Term Note Programme

Banque Saudi Fransi (the “Bank”) announced issuing U.S. Dollar denominated Notes under its Medium Term Note Programme based on its Board of Directors resolution dated (31-05-2022 in which it delegated certain Executive Management members with all powers and authority necessary or appropriate on behalf of the Bank to establish the Programme and to carry out the issuance of any Series of Notes from time to time.
The issuance is expected to be through a special purpose vehicle and by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally.
The Bank has mandated Citigroup Global Markets Limited, J.P. Morgan Securities plc, HSBC Bank plc, Merrill Lynch International, Standard Chartered Bank and Saudi Fransi Capital as joint lead managers.
The amount and terms of the offer of the notes will be determined subject to the market conditions.
The offer of the notes 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 of an offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the notes. The Bank will announce any other relevant material developments to its shareholders in due course as required by the relevant rules and regulations.