Following Saudi Hollandi Bank's announcement published on Tadawul on 20/11/1434H corresponding to 26/09/2013 in regards to the Board of Directors resolution to issue Sukuk, Saudi Hollandi Bank announces that it has successfully concluded its transaction of SAR 2.5 bln Tier II Sukuk as private placement .

The Sharia compliant Sukuk is issued under Basel III framework and will support the Bank's capital base. It has a tenor of 10 years with the Bank having the right to call the Sukuk at the end of the fifth year.

The Sukuk carries a half yearly profit of 6 months SIBOR + 1.55%. All required approvals from the regulatory authorities have been obtained for the issuance

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