| Element List | Explanation |
|---|---|
| Introduction | Reference to the announcement from Banque Saudi Fransi (the “Bank”) published on the website of the Saudi Stock Exchange (Tadawul) on 30/10/1446H (corresponding to 28/4/2025) regarding its intention to issue U.S. Dollar-denominated additional tier 1 capital notes (the “Notes”) under the Additional Tier 1 Capital Note Programme (the “Additional Tier 1 Capital Note Programme”) and by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally, the Bank would like to announce the commencement of the offer of the Notes. |
| Offer Type | U.S. Dollar-denominated additional tier 1 capital notes under the Additional Tier 1 Capital Note Programme. |
| Value of the offer | The amount and terms of offer of the Notes will be determined subject to market conditions. |
| Offering start Date | 2025-04-30 Corresponding to 1446-11-02 |
| Offering end Date | 2025-05-01 Corresponding to 1446-11-03 |
| The targeted class of the issuance | Eligible investors in the Kingdom of Saudi Arabia and internationally |
| Name of Issuance Manager | The Bank has mandated Abu Dhabi Commercial Bank PJSC, Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, Emirates NBD Bank P.J.S.C., HSBC Bank plc, Mashreq bank PSC, Merrill Lynch Kingdom of Saudi Arabia, Mizuho International plc, MUFG Securities EMEA plc and Saudi Fransi Capital as joint lead managers. |
| Minimum Subscription | USD 200,000 and in increments of USD 1,000 in excess thereof |
| Offer Price (Sukuk /Bonds) | Subject to market conditions. |
| Par Value | USD 200,000 |
| Return (Sukuk /Bonds) | Subject to market conditions. |
| Maturity (Sukuk /Bonds) | Perpetual, callable after 6 years |
| Terms of Redemption | The Notes may be redeemed prior to the scheduled maturity date in certain cases as detailed in the Base Offering Circular in relation to the Additional Tier 1 Capital Note Programme |
| 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 Notes. The Bank will announce any other relevant material developments to its shareholders in due course. The Notes will be listed on the International Securities Market of the London Stock Exchange plc. The Notes may only be sold in reliance on Regulation S under the U.S. Securities Act of 1933, as amended. The Issuing End Date referred to above is the expected date of the end of the offering, subject to market conditions. |
