Bank Albilad — Capital/Financing Update 2021

Apr 15, 2021

Bank Albilad announces the completion of issuing SAR-denominated Tier 2 Sukuk offered by way of private placement in the Kingdom of Saudi Arabia.

1140 · 15/04/2021 15:31:04 · Announcement #62842 · View on Saudi Exchange

Bank Albilad announces the completion of issuing SAR-denominated Tier 2 Sukuk offered by way of private placement in the Kingdom of Saudi Arabia.

Element List	Explanation
Offer Type	SAR-denominated Tier 2 Sukuk offered by way of private placement in the Kingdom of Saudi Arabia.
Introduction	With reference to the announcement from Bank Albilad (the “Bank”) published on the website of the Saudi Stock Exchange (Tadawul) on 19/08/1442H (corresponding to 01/04/2021G), relating to the commencement of the offer of SAR-denominated Tier 2 Sukuk (the “Sukuk”), the Bank would like to announce that it has completed the offer of the Sukuk on 03/09/1442H (corresponding to 15/04/2021G).
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.

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.

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 offer also included an option for the holders of the SAR 2,000,000,000 Sukuk (due 2026) that were previously issued by the Bank (the "Previous Sukuk") to exchange their investment in the Previous Sukuk with an investment in the Tier 2 Sukuk, subject to the terms and conditions of the Sukuk.

The Capital Market Authority and Saudi 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.