| Element List |
Explanation |
| Offer Type |
U.S. dollar denominated additional tier 1 capital sustainable sukuk. |
| Introduction |
With reference to the announcement from Al Rajhi Bank (the “Bank”) published on the website of the Saudi Exchange on 01/11/1445H (corresponding to 09/05/2024G) regarding the commencement of the Bank's offer of U.S. dollar denominated additional tier 1 capital sustainable sukuk (the “Sukuk”) by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally, the Bank would like to announce the completion of the offer of the Sukuk, and the settlement of the Sukuk issuance will be on 08/11/1445H (corresponding to 16/05/2024G). |
| Offer Type |
U.S. dollar denominated additional tier 1 capital sustainable sukuk. |
| Value of the offer |
USD 1,000,000,000 |
| Total number of (Bonds/Sukuk) |
5,000 (based on the minimum denomination and total issue size). |
| Par Value (Bonds/Sukuk) |
USD 200,000 |
| Return (Bonds/Sukuk) |
6.375% (per annum) |
| Maturity (Bonds/Sukuk) |
Perpetual, callable after 5 years. |
| Terms of Redemption |
The Sukuk may be redeemed in certain cases as detailed in the offering circular in relation to the Sukuk. |
| Additional Information |
The Sukuk will be listed on the London Stock Exchange's International Securities Market. The Sukuk may be sold in reliance on Regulation S under the US Securities Act of 1933, as amended. |
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