| Element List | Explanation |
|---|---|
| Introduction | AlJazira Bank (the “Bank”) announces its intention to issue SAR denominated additional tier 1 capital sukuk (the “Sukuk”) under its SAR 5,000,000,000 Additional Tier 1 Capital Sukuk Programme. The issuance is expected to be by way of private placement to eligible investors in the Kingdom of Saudi Arabia (the “Proposed Offer”). The Bank has mandated AlJazira Capital and Al Rajhi Capital as Joint Lead Managers & Bookrunners in relation to the Proposed Offer. |
| Offer Type | Private placement of SAR denominated additional tier 1 capital sukuk. |
| Date of the board’s decision | 2026-02-05 Corresponding to 1447-08-17 |
| Value of the offer | The amount and terms of the offer of the Sukuk will be determined at a later stage based on market conditions. |
| The Purpose of the offer | Improvement of Tier 1 capital and general corporate purposes. |
| Approvals | The offer of the Sukuk will be subject to the approval of the relevant regulatory authorities, as applicable, and will be made in compliance with relevant laws and regulations. |
| 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 Sukuk. The Bank will announce any other relevant material developments in due course as required by the relevant laws and regulations. |