Bank AlJazira announces the commencement of the offer of its U.S. dollar denominated additional tier 1 capital certificates under its additional tier 1 capital certificate issuance programme
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement from Bank AlJazira (the “Bank”) published on the website of the Saudi Exchange on 18/3/1447H (corresponding to 10/9/2025G) regarding its intention to issue U.S. dollar denominated additional tier 1 capital certificates (the “Certificates”) through a special purpose vehicle and offering it to eligible investors in the Kingdom of Saudi Arabia and internationally under its USD 1,500,000,000 Additional Tier 1 Capital Certificate Issuance Programme, the Bank would like to announce the commencement of the offer of the Certificates. |
| Offer Type | U.S. dollar denominated additional tier 1 capital certificates. |
| Value of the offer | The amount and terms of offer of the Certificates will be determined subject to market conditions. |
| Offering start Date | 2025-09-15 Corresponding to 1447-03-23 |
| Offering end Date | 2025-09-16 Corresponding to 1447-03-24 |
| The targeted class of the issuance | Eligible investors in the Kingdom of Saudi Arabia and internationally. |
| Name of Issuance Manager | The Bank has mandated AlJazira Capital, Citigroup Global Markets Limited, Dubai Islamic Bank PJSC, Emirates NBD Bank P.J.S.C., J.P. Morgan Securities plc, Mashreqbank psc 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) | To be determined subject to market conditions. |
| Par Value | USD 200,000 |
| Return (Sukuk /Bonds) | To be determined subject to market conditions. |
| Maturity (Sukuk /Bonds) | Perpetual, callable after 5 years. |
| Terms of Redemption | The Certificates may be redeemed in certain cases as detailed in the base offering circular in relation to the 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 Certificates. The Bank will announce any other relevant material developments in due course as required by the relevant laws and regulations.
The Certificates will be listed on the London Stock Exchange's International Securities Market. The 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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