Al Ahli Bank of Saudi Arabia today announced the launch of additional Category 1 instruments denominated in Saudi Riyal and their submission to eligible investors within Saudi Arabia from today, 28 August until 31 December 2022.
The final value and conditions for the introduction of instruments will be determined based on market conditions. The target category of the offering is institutional clients and qualified as defined in the list of terms used in the CMA Regulations and Rules in accordance with Article 8 (a) (1) of the CMA Council's Rules on the Offering of Securities and Continuing Obligations.
Al Ahli Saudi Bank has appointed Al Ahli Financial Company individually as subscription manager, subscription registry manager and lead coordinator.
The minimum subscription amount is 1 million Saudi riyals and the nominal value is 1 million riyals, the price and return of the offering of the instrument shall be determined according to market conditions.
In certain cases, the instruments may be recovered as detailed in the Convention on the Principal Conditions of the Instruments.
