| Element List | Explanation |
|---|---|
| Introduction | BAB announces its intention to call (redeem) the SAR 3,000,000,000 tier 2 sukuk due 2031 (the “Sukuk”) on 15 April 2026G corresponding to 27/10/1447H, in full, at face value. The Sukuk were issued on 15 April 2021G corresponding to 03/09/1442H, for an aggregate value of SAR 3,000,000,000 with an original maturity of ten (10 years) due on 15 April 2031G. In accordance with the Sukuk’s terms and conditions, BAB intends to call (redeem) the Sukuk on the periodic distribution date that falls on 15 April 2026G corresponding to 27/10/1447H in accordance with the Saudi Central Bank (“SAMA”) regulations and, pursuant to Condition 11(f) (Conditions to Redemption and Repurchase of the Sukuk). Regulatory approval has been obtained in this regard. |
| Offer Type | Tier 2 Sukuk denominated in Saudi Arabian Riyals |
| Value of the redeemed (sukuk\ bonds) | SAR 3,000,000,000 |
| Percentage of Redeemed (Bonds/Sukuk) out of Total Issued (bonds/sukuk) | 100 % |
| Number of redeemed (bonds/sukuk) | 3,000 |
| Issuance Date | 2021-04-15 Corresponding to 1442-09-03 |
| Trading End Date | Date of redemption of the Sukuk: 15/04/2026G corresponding to 27/10/1447H |
| Sukuk Par Value at Redemption Date | SAR 1,000,000 |
| Total issuance value after redemption | 0 |
| Date of Depositing the Amounts in the (Bonds/Sukuk) Holders Accounts | 2026-04-15 Corresponding to 1447-10-27 |
| Name of the Entity Responsible for the Deposit and Contact Details | Albilad Investment Company in its capacities as Payment Administrator and Sukukholders' Agent. Further information in this regard may be obtained from the Payment Administrator or the Sukukholders’ Agent at InvestmentBanking@albilad-capital.com |
