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Riyadh, Kingdom of Saudi Arabia Riyad Bank, rated A2/BBB+/BBB+ by Moody’s/S&P/Fitch, successfully closed a $750mn Additional Tier 1 sustainability Sukuk, making it the first sustainable AT1 Sukuk globally. The profit rate of 4% per annum is equivalent to the lowest credit spread ever achieved by a GCC bank for an AT1 Sukuk. The success of this transaction came on the back of an extensive marketing strategy aimed at updating international and regional investors with Riyad Bank’s financial performance.

Riyad Bank launched “WSL Platform” as simulation platform to create the financial innovative solutions and services with innovative and creative concept, which designed especially for entrepreneurs and innovators, that will have a pioneering role to accelerate the innovation in achieving financial sector developing program objectives in accordance with Saudi vision 2030.

The National Center for Social Responsibility concluded in partnership with Riyad Bank's social responsibility program "Bukra" the "Treasury" initiative, which targeted more than 120,000 students in more than 290 schools and universities inside and outside the Kingdom, by providing training programs aimed at raising financial awareness by introducing them to financial fraud methods, in addition to raising awareness of the importance of digital transformation to the payments system.

Riyad Bank recently signed a partnership agreement with Jeddah United Academy to sponsor the first basketball team "Jeddah United" and "Riyadh United women's team", aims to contribute to raising the level of athletes and developing sports academies in the Kingdom of Saudi Arabia in order to achieve one of the objectives of the quality of life program that is endeavors enhance the sports playing activities in the community.

King Salman Energy Park (SPARK) and Riyad Bank today signed a Collaboration Agreement (CA) on establishing Future Initiatives for Present, including SPARK Projects, SPARK Businesses and SPARK Life. The CA was signed by Eng. Saif Al Qahtani, President and CEO of SPARK, and Mr. Tareq Al Sadhan, President and CEO of Riyad Bank.

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