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20 October 11:04 PM

Al Rajhi Bank announces its intention to issue U.S. dollar denominated tier 2 social trust certificates under its international trust certificate issuance programme

ALRAJHI 1120 -0.66% 60.15 -0.40

Element List Explanation
Introduction Al Rajhi Bank (the Bank) announces its intention to issue U.S. dollar denominated tier 2 social trust certificates (the Trust Certificates) under its international trust certificate issuance programme updated by it on 17 June 2026, based on its Board of Directors resolutions dated 11/05/1443H (corresponding to 15/12/2021G), 27/12/1446H (corresponding to 23/06/2025G) and 02/09/1447H (corresponding to 19/02/2026G)

The issuance is expected to be through a special purpose vehicle and by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally (the Proposed Offer).

The Bank has mandated Al Rajhi Capital Company, Arqaam Capital Limited, Banco Bilbao Vizcaya Argentaria, S.A., Citigroup Global Markets Limited, Intesa Sanpaolo S.p.A., London Branch, Morgan Stanley & Co. International plc, SMBC Bank International plc, Standard Chartered Bank and Warba Bank K.S.C.P. as Joint Lead Managers & Bookrunners in relation to the Proposed Offer.
Offer Type U.S. DOLLAR DENOMINATED TIER 2 SOCIAL TRUST CERTIFICATES
Date of the board’s decision 2026-02-19 Corresponding to 1447-09-02
Value of the offer The amount and terms of offer of the Trust Certificates will be determined subject to the market conditions.
The Purpose of the offer To fulfil the Bank’s financial and strategic objectives in accordance with the Bank’s Sustainable Finance Framework.
Approvals The offer of the Trust Certificates will be subject to the approval of the relevant regulatory authorities, and will be 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 Trust Certificates. The Bank will announce any other relevant material developments in due course as required by the relevant rules and regulations.

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