| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement from Arab National Bank (the “Bank”) published on the website of the Saudi Exchange on 13/07/1446H (corresponding to 13/01/2025G) regarding the Bank’s intention to issue a Saudi Riyal (“SAR”) denominated additional tier 1 capital sukuk (the “Sukuk”) by way of private placement in the Kingdom of Saudi Arabia under its SAR 11,250,000,000 additional tier 1 capital sukuk programme, the Bank would like to announce the commencement of the offer of the Sukuk. |
| Offer Type | Private placement of SAR denominated additional tier 1 capital sukuk. |
| Value of the offer | The amount and terms of offer of the Sukuk will be determined at a later stage based on market conditions at that time. |
| Offering start Date | 2025-01-16 Corresponding to 1446-07-16 |
| Offering end Date | 2025-01-27 Corresponding to 1446-07-27 |
| The targeted class of the issuance | Institutional and Qualified clients in accordance with the Rules on the Offer of Securities and Continuing Obligations issued by the Capital Market Authority. |
| Name of Issuance Manager | The Bank has mandated HSBC Saudi Arabia and ANB Capital Company as joint lead managers in relation to the offer and issuance of the Sukuk. |
| Minimum Subscription | SAR 1,000,000. |
| Offer Price (Sukuk /Bonds) | To be determined at a later stage based on market conditions at that time. |
| Par Value | SAR 1,000,000. |
| Return (Sukuk /Bonds) | To be determined at a later stage based on market conditions at that time. |
| Maturity (Sukuk /Bonds) | Perpetual (subject to early redemption on a Call Date or as otherwise specified in the base offering circular and the applicable final terms relating to the Sukuk). |
| Terms of Redemption | The Sukuk are perpetual securities and accordingly do not have a fixed or final redemption date. However, they may be redeemed in certain cases as detailed in the base offering circular and the applicable final terms in relation to the Sukuk. |
| Additional Information | The Offering End Date referred to above is the expected date of the end of the offer, and is subject to market conditions. 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 Sukuk. The Bank will announce any other relevant material developments in due course as required by the relevant rules and regulations. |
