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Alinma Bank announces intention to issue U.S. Dollar-denominated Additional Tier 1 Capital Certificates

Element ListExplanation
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.