Press Releases

<p>Riyad Bank announced the start of the offering of Tier 2 capital Sukuk, denominated in Saudi riyals, on a private placement in the Kingdom of Saudi Arabia.</p><p>Riyad Bank said in a statement on Tadawul that the value of the offering and the number of sukuk will be determined based on market conditions.</p><p>He indicated that the start of the offering will start from today January 20, 2021 until February 9, 2021, indicating that the target group of the offering is experienced investors in accordance with the provisions of Article 9 of the Rules for the Offer of Securities and Continuing Obligations.</p><h3>The details of the offering are as follows:</h3><table cellpadding="1" cellspacing="1"><tbody><tr><td>Version type</td><td>Tier 2 capital Sukuk denominated in Saudi riyals</td></tr><tr><td>Subtraction value</td><td>Based on market conditions</td></tr><tr><td>The start date of the offering</td><td>January 20, 2021</td></tr><tr><td>End date of the offering</td><td>February 9, 2021</td></tr><tr><td>Target group</td><td>Experienced investors in accordance with the provisions of Article 9 of the Rules for the Offer of Securities and Continuing Obligations.</td></tr><tr><td>The entity responsible for managing the issue</td><td>Riyad Capital Company as a coordinator and sole dealer</td></tr><tr><td>The minimum subscription</td><td>One million riyals</td></tr><tr><td>Offer price (Sukk / Bond)</td><td>One million riyals</td></tr><tr><td>Face value</td><td>One million riyals</td></tr><tr><td>Return (sakk / bond)</td><td>The prevailing rate for Saudi interbank lending (SAIBOR) for a period of 6 months plus a profit margin (to be determined according to market conditions).</td></tr><tr><td>Maturity Period (Sukk / Bond)</td><td>10 years refundable in the fifth year according to the terms and conditions of the sukuk.</td></tr><tr><td>Conditions of Eligibility for Refund</td><td>Sukuk are redeemed on their maturity date. However, early redemption of the sukuk before their maturity date is permissible in certain cases that include the occurrence of a capital event, a tax event, or the occurrence of a breach, or at the option of the bank, according to the terms and conditions of the sukuk.</td></tr></tbody></table><p>Riyad Bank indicated that the end date of the offering referred to above is the expected end date of the offering according to market conditions, stressing that this announcement does not constitute an invitation or an offer to buy, own or subscribe to any securities.</p>