<p>Riyad Bank announced the successful conclusion of its public offering for the additional tier 1 capital sukuk denominated in Saudi Riyals, under the Bank's Additional Tier-1 Capital Sukuk Program.The offering achieved results exceeding announced targets, reaffirming investor confidence in the Bank's position and financial strength.</p> <p>The issuance witnessed widespread investor demand, with oversubscribed coverage nearly reaching approximately 300% from the original size. The offering attracted over 25 thousend individual, institutional, corporate, financial, investment funds and charitable investors, with total orders reaching SAR 13.6 billion.</p> <p>This issuance is part of Riyad Bank’s Sukuk Program aimed at diversifying funding sources and strengthening the Bank’s capital base,supporting its sustainable growth strategy and enhancing its capacity to meet customers’ needs while financing investment opportunities across various economic sectors in the Kingdom.</p> <p>Mr. Nadir Al-Koraya, Chief Executive Officer of Riyad Bank, stated: "The subscription results reflect the strong trust Riyad Bank commands among investors, while reinforcing our solid financial position and execution capabilities regarding our strategic roadmap. This issuance marks a key milestone in supporting the Bank’s sustainable growth trajectory and enhancing its financial flexibility to capture promising opportunities in the Saudi market, also, he stated: We will continue to develop financing and investment solutions that meet the requirements of our customers and investors, contributing directly to the Kingdom's economic development goals anchored by our robust capital base and enduring strategic partnerships across key sectors."</p> <p>Riyad Bank boasts a banking legacy spanning nearly seven decades, characterized by strategic transformations that have reinforced its position among the Kingdom's largest banks. These milestones have driven qualitative leaps in performance indicators and profitability, leading total assets to surpass the SAR half-trillion threshold for the first time in its history a clear manifestation of its financial strength, solid solvency, and capability to execute large-scale financing and investment initiatives with efficiency and confidence.</p>