Riyad Bank announces intention to issue Public offering of Additional Tier 1 Capital Sukuk denominated in SAR pursuant to the Programme.

Element List	Explanation
Introduction	With reference to the Capital Market Authority’s approval of the application submitted by Riyad Bank (the "Bank") to register and offer Additional Tier 1 Capital Sukuk denominated in Saudi Riyal (“SAR”) (the "Sukuk") pursuant to its SAR 10,000,000,000 additional tier 1 capital public sukuk programme established by the Bank on 24/01/1448H (corresponding to 09/07/2026G) (the "Programme"), the Bank announces its intention to issue the Sukuk and the public offering thereof (the “Proposed Offer”) pursuant to the Programme. The Bank has mandated Riyad Capital as financial advisor, sole arranger and dealer for the purposes of establishing the Programme and the issuance and offering of the Sukuk thereunder.
Offer Type	Public offering of Additional Tier 1 Capital Sukuk denominated in SAR pursuant to the Programme.
Date of the board’s decision	2025-11-02 Corresponding to 1447-05-11
Value of the offer	The issuance amount of the Sukuk will be determined at a later stage based on market conditions at that time.
The Purpose of the offer	To enhance its tier 1 capital as well as for general banking purposes as detailed in the base prospectus dated 24/01/1448H (corresponding to 09/07/2026G) (the “Base Prospectus”).
Approvals	The Capital Market Authority has issued its approval on 29/12/1447H (corresponding to 15/06/2026G) on the Bank’s application to register and offer the Sukuk pursuant to the Programme. The Saudi Exchange Company (“Tadawul”) has issued its conditional approval on 08/09/1447H (corresponding to 25/02/2026G) on the Bank’s application to list the Sukuk on the Tadawul. The Bank has also obtained the non-objection of the Saudi Central Bank (SAMA) dated 22/09/1447H (corresponding to 11/03/2026G) in respect of the Sukuk to be issued pursuant to the Proposed Offer.
Additional Information	The Base Prospectus in relation to the Sukuk has been published and can be viewed from the Capital Market Authority’s website (https://cma.org.sa), the website of the Saudi Exchange Company (Tadawul) (www.saudiexchange.sa), the Bank’s website (www.riyadbank.com) and the website of the financial adviser, sole arranger and dealer (www.riyadcapital.com). The Bank emphasises the importance of reviewing the Base Prospectus carefully and in full before making any investment decision in relation to any offering of the Sukuk. 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. Prior to the commencement of the offering period, the Bank may conduct roadshows in relation to the Sukuk to specific categories of investors to gauge interest in the offer and market demand. The Base Prospectus can be viewed at: https://cma.gov.sa/en/Market/Prospectuses/Documents/Riyad Bank - Sukuk_Eng.pdf