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1443/03/29 Thu Nov 4, 2021 15:52:37
Bank Aljazira announces intention to issue Tier 2 Sukuk denominated in Saudi Arabian Riyals (SAR)

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Element List Explanation
Introduction Bank AlJazira (the "Bank") announces its intention to issue Tier 2 Sukuk for up to two billion Saudi Riyals (SAR 2,000,000,000) by way of a private placement in the Kingdom of Saudi Arabia (the "Potential Offer"), such Sukuk will be provided for a tenor of ten (10) years callable by the Bank after five (5) years from the date of issuance.

The Bank has appointed AlJazira Capital and HSBC Saudi Arabia as the joint lead managers and bookrunners for the Potential Offer.

Offer Type Tier 2 Sukuk denominated in Saudi Arabian Riyals (SAR)
Date of the board's decision 2021-09-21 Corresponding to 1443-02-14
Value of the offer The total value of the Potential Offer will not exceed two billion Saudi Riyals (SAR 2,000,000,000). The number and value of the Sukuk to be offered will be determined at a later stage subject to the market conditions.
The Purpose of the offer To strengthen the capital base of the Bank, thus supporting the Bank's financial and strategic needs.
Approvals The offer will be subject to the approval of the relevant regulatory authorities, and the offer will be made in compliance with applicable laws and regulations.
Additional Information This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities. The Bank will announce any other relevant material developments in due course as required by the relevant rules and regulations.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Bank AlJazira JSC published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2021 23:57:00 UTC.