Al Rajhi Bank starts USD-denominated sustainable sukuk offer

Al Rajhi Bank’s tower

Al Rajhi Bank commenced today, March 5, the US dollar-denominated sustainable sukuk offering under its international sukuk issuance program.

Offer Details
Offer Type	Dollar-denominated sustainable sukuk
Issuance Value	The number and terms will be set based on market conditions
Offer Start Date	March 5, 2024
Offer End Date	March 6, 2024
Target Category	Qualified investors inside and outside Saudi Arabia
Joint Lead Managers and Bookrunners	Al Rajhi Capital, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Citigroup Global Markets Limited, Dubai Islamic Bank., Emirates NBD Capital Limited, First Abu Dhabi Bank, Goldman Sachs International, HSBC Bank plc, KFH Capital Investment Company K.S.C.C., SMBC Capital Markets Limited, Société Générale and Standard Chartered Bank
Minimum Limit	$200,000, with increments of $1,000
Offer Price	Based on market conditions
Nominal Value	$200,000
Return	Based on market conditions
Maturity Period	5 years
Redemption Terms	The sukuk may be redeemed before the scheduled maturity date under certain conditions as detailed in the offering circular

This announcement does not constitute an invitation or an offer to buy, own, or subscribe to any securities. It is subject to the sukuk terms and conditions, the bank said in a statement to Tadawul.

The sukuk will be listed on London Stock Exchange's International Securities Market (ISM). The sale of the sukuk is permissible only in accordance with Regulation S of the US Securities Act of 1933, as amended.

The offering end date mentioned above is an expected date, subject to market conditions.

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