| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement from The Saudi National Bank (“SNB”) published on the website of The Saudi Exchange (Tadawul) on 25/07/1447H (corresponding to 14/01/2026G) regarding its intention to issue U.S. dollar denominated additional tier 1 capital notes (the “Notes”) and offering it to eligible investors in the Kingdom of Saudi Arabia and internationally, SNB would like to announce the commencement of the offer of the Notes. |
| Offer Type | U.S. dollar denominated additional tier 1 capital notes. |
| Value of the offer | The amount and terms of offer of the Notes will be determined subject to market conditions. |
| Offering start Date | 2026-01-15 Corresponding to 1447-07-26 |
| Offering end Date | 2026-01-16 Corresponding to 1447-07-27 |
| The targeted class of the issuance | Eligible investors in the Kingdom of Saudi Arabia and internationally. |
| Name of Issuance Manager | SNB has mandated Abu Dhabi Commercial Bank PJSC, First Abu Dhabi Bank PJSC, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd, Emirates NBD Bank P.J.S.C., Goldman Sachs International, HSBC Bank plc, Mashreqbank psc, SNB Capital Company and Standard Chartered Bank as Joint Lead Managers & Bookrunners in relation to the Proposed Offer. |
| Minimum Subscription | USD 200,000 and in increments of USD 1,000 in excess thereof. |
| Offer Price (Sukuk /Bonds) | To be determined subject to market conditions. |
| Par Value | USD 200,000 |
| Return (Sukuk /Bonds) | To be determined subject to market conditions. |
| Maturity (Sukuk /Bonds) | Perpetual, callable after 5.5 years. |
| Terms of Redemption | The Notes may be redeemed in certain cases as detailed in the base offering circular in relation to the Notes. |
| Additional Information | 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 Notes. SNB will announce any other relevant material developments in due course as required by the relevant laws and regulations. The Notes will be listed on the London Stock Exchange's International Securities Market. The Notes may be sold in reliance on Regulation S under the US Securities Act of 1933, as amended. The Offering End Date referred to above is the expected date of the end of the offering, subject to market conditions. |
