Logo ofSaudi Awwal Bank (SAB)
Saudi Awwal Bank (SAB) announced its plan to issue US dollar-denominated Tier 2 capital green notes through a private placement to qualified investors both inside and outside Saudi Arabia, under its under its Medium-Term Note Program (the “potential offering”). 
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In a statement to Tadawul, the bank said he value and terms of the issuance will be determined later based on market conditions. It noted that the issuance aims to strengthen Tier 2 capital, support the bank’s general corporate purposes, and achieve its financial and strategic objectives, all in line with its sustainable financing framework.
The bank added that it appointed HSBC Bank, Goldman Sachs International, Abu Dhabi Commercial Bank (ADCB), Citigroup Global Markets Limited, DBS Bank Ltd., Emirates NBD, Mashreqbank, Mizuho International, and Société Générale as joint lead managers for the potential offering.
The offering remains subject to regulatory approvals and will be conducted in compliance with all applicable laws and regulations, the statement added.
Logo ofSaudi Awwal Bank (SAB)
Saudi Awwal Bank (SAB) announced its plan to issue US dollar-denominated Tier 2 capital green notes through a private placement to qualified investors both inside and outside Saudi Arabia, under its under its Medium-Term Note Program (the “potential offering”).
For more news on listed companies
In a statement to Tadawul, the bank said he value and terms of the issuance will be determined later based on market conditions. It noted that the issuance aims to strengthen Tier 2 capital, support the bank’s general corporate purposes, and achieve its financial and strategic objectives, all in line with its sustainable financing framework.
The bank added that it appointed HSBC Bank, Goldman Sachs International, Abu Dhabi Commercial Bank (ADCB), Citigroup Global Markets Limited, DBS Bank Ltd., Emirates NBD, Mashreqbank, Mizuho International, and Société Générale as joint lead managers for the potential offering.
The offering remains subject to regulatory approvals and will be conducted in compliance with all applicable laws and regulations, the statement added.
