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Alinma Bank announces its determination to issue Additional Tier 1 Sukuk denominated in Saudi Riyals.

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Element List Explanation
Introduction Alinma Bank (the “Bank”) announces its determination to issue SAR denominated Additional Tier 1 Sukuk.

The Bank has mandated Alinma Investment Company and J.P. Morgan Saudi Arabia Company as Joint Lead Managers and Joint Bookrunners for the potential private placement offer.

Offer Type Additional Tier 1 Sukuk denominated in Saudi Riyals.
Date of the board’s decision 2021-04-07 Corresponding to 1442-08-25
Value of the offer The number and value of any Sukuk to be offered will be determined based on market conditions.
The Purpose of the offer The purpose of the potential offer is to strengthen the Bank’s capital base in accordance with the Basel III framework agreement.
Approvals The potential offer will be subject to the approval of the relevant regulatory authorities and 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 to its shareholders in due course.

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