Arab National Bank announces the completion of the offer of its SAR denominated additional tier 1 capital sukuk under its additional tier 1 capital Sukuk programme - anb
13 Jan, 2025
Arab National Bank announces its intention to issue SAR denominated additional tier 1 capital sukuk under its additional tier 1 capital sukuk programme
Arab National Bank announces its intention to issue SAR denominated additional tier 1 capital sukuk under its additional tier 1 capital sukuk programme | Announcement title |
Arab National Bank (the “Bank”) announces its intention to issue a Saudi Riyal (“SAR”) denominated additional tier 1 capital sukuk (the “Sukuk”) by way of private placement in the Kingdom of Saudi Arabia (the “Proposed Offer”) pursuant to its SAR 11,250,000,000 additional tier 1 capital sukuk programme. The Bank has mandated HSBC Saudi Arabia and ANB Capital Company as joint lead managers in relation to the Proposed Offer. |
Introduction |
Private placement of SAR denominated additional tier 1 capital sukuk. |
Offer Type |
16/06/1446H (corresponding to 17/12/2024G). | Date of the board’s decision |
The amount and terms of offer of the Sukuk will be determined at a later stage based on market conditions at that time. |
Value of the offer |
To strengthen the Bank’s capital base and for general corporate purposes. | The Purpose of the offer |
The Proposed Offer will be subject to the approval of the relevant regulatory authorities and will be made in compliance with applicable laws and regulations. |
Approvals |
This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the Sukuk. The Bank will announce any other relevant material developments in due course as required by the relevant rules and regulations. | Additional Information |
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Arab National Bank (anb) - a Saudi joint stock co. - paid up capital SR. 20,000 Million - Unified No. 7000018007 - License No. 4017/m/a/254- National Address 7317 King Faisal Rd. Al Murabba, unit number 1, Riyadh 12613-3536 - P.O. Box 56921, Riyadh 11564, Kingdom of Saudi Arabia - Website: anb.com.sa - Telephone +966114029000 - Fax +966114027747 The Bank is regulated and supervised by Saudi Central Bank
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