| Element List | Explanation |
|---|---|
| Introduction | Alinma Bank (the “Bank”) announces its intention to issue U.S. Dollar denominated Additional Tier 1 Capital Certificates based on its Board of Directors resolution dated 19/07/1445H (corresponding to 31/01/2024G)in which it delegated the chief executive officer with all powers and authority necessary or appropriate on behalf of the Bank to carry out the issuance of the Additional Tier 1 Capital Certificates (the “Proposed Offer”). 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 Bank has mandated Abu Dhabi Islamic Bank PJSC , Alinma Investment Company, Emirates NBD Bank P.J.S.C., J.P. Morgan Securities plc, MUFG Securities EMEA plc and Standard Chartered Bank as Joint Lead Managers in relation to the Proposed Offer. |
| Offer Type | U.S. Dollar-denominated Additional Tier 1 Capital Certificates |
| Date of the board’s decision | 2024-01-31 Corresponding to 1445-07-19 |
| Value of the offer | The amount and terms of the offer of the Additional Tier 1 Capital Certificates will be determined subject to the market conditions. |
| The Purpose of the offer | Improvement of Tier 1 capital and general banking purposes. |
| Approvals | The offer of the Additional Tier 1 Capital 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 of offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the Additional Tier 1 Capital Certificates. The Bank will announce any other relevant material developments to its shareholders in due course as required by the relevant rules and regulations. |
