Saudi Hollandi Bank successfully concluded the issuance of subordinated Sukuk for SR 1.4 b

26/11/2012 Tadawul

Saudi Hollandi Bank announces that it has successfully concluded its transaction of SAR 1.4bn Tier II Sukuk private placement offer on 26 November 2012.The Sukuk will support the bank's capital base.

The Sukuk has a tenor of 7 years with the bank having the right to call the Sukuk at the end of the fifth year.

The Sukuk carries a periodic profit of 6 months SIBOR + 1.15%.

All required approvals from the regulatory authorities have been obtained for the issuance.

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