Bank Albilad announced the completion of issuing SAR-denominated Tier 2 Sukuk offered by way of private placement in the Kingdom of Saudi Arabia. Offer Type: SAR-denominated Tier 2 Sukuk offered by way of private placement in the Kingdom of Saudi Arabia. Value of the offer: SAR 3,000,000,000. Total number of (Bonds/Sukuk) 3,000.Par Value (Bonds/Sukuk): SAR 1,000,000. Return (Bonds/Sukuk): 3-month SAIBOR + 165 bps. Maturity (Bonds/Sukuk): 10 years callable at year 5, subject to the terms and conditions of the Sukuk. Terms of Redemption The Sukuk shall be redeemed on the maturity date. Terms of Redemption: The Sukuk may be redeemed prior to the maturity date in certain cases following a regulatory capital event, a tax event, an event of default, or at the option of the issuer, in each case pursuant to the terms and conditions of the Sukuk. Additional Information The Bank mandated Albilad Capital as the Sole Arranger and Dealer for the private placement of the Sukuk.