| Element List |
Explanation |
| Introduction |
Reference to the announcement from Banque Saudi Fransi (the “Bank”) published on the website of the Saudi Stock Exchange (Tadawul) on 08-02-1446H (corresponding to 12-08-2024G) regarding its intention to issue SAR denominated Additional Tier 1 Sukuk under its SAR 8,000,000,000 Additional Tier 1 Capital Sukuk Programme by way of private placement offer and subject to market conditions. The Bank would like to announce the commencement of the issuance of the Sukuk. |
| Offer Type |
Additional Tier 1 Sukuk denominated in Saudi Arabian Riyals under the SAR 8,000,000,000 Additional Tier 1 Capital Sukuk Programme. |
| Value of the offer |
The number and value of any Sukuk to be offered will be determined based on market conditions. |
| Offering start Date |
2024-08-13 Corresponding to 1446-02-09 |
| Offering end Date |
2024-08-26 Corresponding to 1446-02-22 |
| The targeted class of the issuance |
Institutional and Qualified investors in accordance with the Rules on the offer of Securities and Continuing Obligations issued by the Capital Market Authority. |
| Name of Issuance Manager |
The Bank has mandated Saudi Fransi Capital as Sole Bookrunner, Lead Arranger and Lead Manager for the private placement offer. |
| Minimum Subscription |
SAR 1,000,000 |
| Offer Price (Sukuk /Bonds) |
Subject to market conditions. |
| Par Value |
SAR 1,000,000 |
| Return (Sukuk /Bonds) |
Subject to market conditions. |
| Maturity (Sukuk /Bonds) |
Perpetual, no specified maturity (subject to early redemption on a Call Date or as otherwise specified in the terms and conditions). |
| Terms of Redemption |
The Sukuk may be redeemed early due to a capital event, tax event or at the option of the Bank as described in the applicable final terms of the Sukuk. |
| 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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