Riyad Bank — Capital/Financing Update 2018

Jan 22, 2018

Riyad Bank announces its intention to establish a program to issue bonds primary and secondary instruments in Saudi Riyal and in US dollar inside and outside the Kingdom of Saudi Arabia

1010 · 22/01/2018 15:23:13 · Announcement #49225 · View on Saudi Exchange

Riyad Bank announces its intention to establish a program to issue bonds primary and secondary instruments in Saudi Riyal and in US dollar inside and outside the Kingdom of Saudi Arabia

Riyad Bank announces its intention to establish a program to issue primary and secondary bonds and instruments in one or several parts and in several stages through a series of issues inside and outside the Kingdom of Saudi Arabia, in Saudi Riyals, US Dollars or any other currency.

The program aims to diversify sources of finance and its maturity, and strengthen the capital base of the bank, thus supporting the expansion of its credit business and supporting its banking activities. The program will be established and launched after completion of all regulatory procedures, as required by the Bank and according the market conditions.

The banks Board of directors has approved to establish the program on 11/09/2017.

The Bank will announce any other significant developments in this regard at in due course.

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.