Al Rajhi Bank announces the commencement of the offer of its U.S. dollar denominated tier 2 social trust certificates under its international trust certificate issuance programme
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement from Al Rajhi Bank (the “Bank”) published on the website of the Saudi Exchange on 16/03/1447H (corresponding to 08/09/2025G) regarding its intention to issue U.S. dollar denominated tier 2 social trust certificates (the “Trust Certificates”) through a special purpose vehicle and offering it to eligible investors in the Kingdom of Saudi Arabia and internationally, the Bank would like to announce the commencement of the offer of the Trust Certificates. |
| Offer Type | U.S. dollar denominated tier 2 social trust certificates. |
| Value of the offer | The amount and terms of offer of the Sukuk will be determined subject to the market conditions. |
| Offering start Date | 2025-09-09 Corresponding to 1447-03-17 |
| Offering end Date | 2025-09-10 Corresponding to 1447-03-18 |
| The targeted class of the issuance | Eligible investors in the Kingdom of Saudi Arabia and internationally. |
| Name of Issuance Manager | The Bank has mandated Al Rajhi Capital Company, Crédit Agricole Corporate and Investment Bank, Citigroup Global Markets Limited, DBS Bank Ltd., Goldman Sachs International, HSBC Bank plc, J.P. Morgan Securities plc, MUFG Securities EMEA plc, Natixis, Nomura International plc and Standard Chartered Bank as Joint Lead Managers & Bookrunners. |
| Minimum Subscription | USD 200,000 and in increments of USD 1,000 in excess thereof. |
| Offer Price (Sukuk /Bonds) | It is subject to market conditions. |
| Par Value | USD 200,000 |
| Return (Sukuk /Bonds) | It is subject to market conditions. |
| Maturity (Sukuk /Bonds) | 10.5 years, callable after 5 years. |
| Terms of Redemption | The Trust Certificates may be redeemed in certain cases as detailed in the offering circular in relation to the Trust Certificates. |
| 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 Trust Certificates. The Bank will announce any other relevant material developments in due course as required by the relevant rules and regulations.
The Trust Certificates will be listed on the London Stock Exchange's International Securities Market. The Trust Certificates may be sold in reliance on Regulation S under the US Securities Act of 1933, as amended. The Offering End Date referred to above is the expected date of the end of the offering, subject to market conditions |
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