Extraordinary General Assembly Meeting 2025 - anb
04 Feb, 2025
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
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With reference to the announcement from Arab National Bank (the “Bank”) published on the website of the Saudi Exchange on 16/07/1446H (corresponding to 16/01/2025G) regarding the commencement of the Bank's offer of its Saudi Riyal (“SAR”) denominated additional tier 1 capital sukuk (the “Sukuk”) by way of private placement in the Kingdom of Saudi Arabia under its SAR 11,250,000,000 additional tier 1 capital sukuk programme, the Bank would like to announce the completion of the offer of the Sukuk.
The settlement of the Sukuk issuance will be on 04/08/1446H (corresponding to 03/02/2025G).
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Introduction |
| Private placement of SAR denominated additional tier 1 capital sukuk. |
Offer Type |
| SAR 3,350,000,000 | Value of the offer |
| 3,350 Sak | Total number of Sukuk |
| SAR 1,000,000 | Par Value |
| 6.20% (per annum) | Return |
| Perpetual (subject to early redemption on a Call Date or as otherwise specified in the base offering circular and the applicable final terms relating to the Sukuk). | Maturity |
| The Sukuk are perpetual securities and accordingly do not have a fixed or final redemption date. However, they may be redeemed in certain cases as detailed in the base offering circular and the applicable final terms in relation to the Sukuk. | Terms of Redemption |
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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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