BSF Announces Intention to Issue Dollar Denominated Certificates

Banque Saudi Fransi (BSF) (the “Bank”) announced on Monday its intention to issue U.S. Dollar denominated Certificates under its Trust Certificate Issuance Programme, based on the Board of Directors’ resolution to delegate members of the Executive Management with all powers and authority necessary or appropriate on behalf of the Bank to establish the Programme and issue any Series of Certificates from time to time.

The Bank expected that the issuance would be made through a special purpose vehicle through an offer directed to qualified investors inside and outside the Kingdom. It indicated that HSBC Bank plc has been appointed as a Global Coordinator, along with joint lead managers represented by: Abu Dhabi Commercial Bank PJSC, Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, Emirates NBD Bank P.J.S.C., Goldman Sachs International, the Islamic Corporation for the Development of the Private Sector, Mashreq Bank PSC (through its Islamic Banking Division), Mizuho International plc, SMBC Bank International plc, and Saudi Fransi Capital.