Al Rajhi Bank announced commencement of the Bank's offer of a Saudi Riyal denominated Tier 1 sukuk (the -Sukuk-) by way of a private placement in the Kingdom of Saudi Arabia, the Bank would like to announce that it has completed the offer of the Sukuk and the settlement of the Sukuk issuance will be on January 23, 2022. Offer Type: Saudi Riyal denominated Tier 1 Sukuk. Value of the offer: SAR 6,500,000,000.

Total number of (Bonds/Sukuk): 6,500 (based on the minimum denomination and total issue size). Par Value (Bonds/Sukuk): SAR 1,000,000. Maturity (Bonds/Sukuk): Perpetual.

Terms of Redemption: The Sukuk may be redeemed by the Bank in certain cases as detailed in the offering circular in relation to the Sukuk.