Logo ofSaudi Fransi Bank (BSF)
The Saudi Fransi Bank (BSF) announced its intention to issue SAR-denominated Additional Tier 1 sukuk through a private placement within Saudi Arabia, under its Additional Tier 1 Capital Sukuk Issuance Program amounting to SAR 8 billion, in accordance with a board resolution dated Jan. 22, 2024. 
The bank stated in a statement on Tadawul that it has appointed Saudi Fransi Capital as the sole bookrunner, lead coordinator, and lead manager for the potential private placement.
The number and value of the sukuk to be offered will be determined based on market conditions, it indicated.
BSF explained that the potential issuance is at strengthening the capital base, noting that the sukuk offering is subject to the relevant regulatory authorities’ approval and will be conducted in accordance with applicable laws and regulations.
This announcement does not constitute an invitation, offer, or solicitation to purchase, acquire, or subscribe to any securities. It remains subject to the sukuk’s terms and conditions.
BSF will announce any further material developments in due course, it affirmed.
Logo ofSaudi Fransi Bank (BSF)
The Saudi Fransi Bank (BSF) announced its intention to issue SAR-denominated Additional Tier 1 sukuk through a private placement within Saudi Arabia, under its Additional Tier 1 Capital Sukuk Issuance Program amounting to SAR 8 billion, in accordance with a board resolution dated Jan. 22, 2024.
The bank stated in a statement on Tadawul that it has appointed Saudi Fransi Capital as the sole bookrunner, lead coordinator, and lead manager for the potential private placement.
The number and value of the sukuk to be offered will be determined based on market conditions, it indicated.
BSF explained that the potential issuance is at strengthening the capital base, noting that the sukuk offering is subject to the relevant regulatory authorities’ approval and will be conducted in accordance with applicable laws and regulations.
This announcement does not constitute an invitation, offer, or solicitation to purchase, acquire, or subscribe to any securities. It remains subject to the sukuk’s terms and conditions.
BSF will announce any further material developments in due course, it affirmed.
