Saudi National Bank plans to tap international markets under its $5 billion additional Tier 1 capital program
Saudi National Bank (SNB) unveiled intentions to issue US dollar-denominated additional Tier 1 capital notes under its international additional Tier 1 capital bond program, valued at $5 billion, which was created on Dec 11, 2025, according to a statement to Tadawul. 
The size and terms of the bond issuance will be determined at a later stage based on market conditions.
The issuance aims to strengthen its additional Tier 1 capital for Saudi National Bank’s general corporate purposes and to support its financial and strategic objectives.
The issuance is expected to be conducted directly by Saudi National Bank through offering notes to qualified investors inside and outside Saudi Arabia, pursuant to a board decision dated Jan. 7. The issuance is subject to approvals from the relevant regulatory authorities, where applicable, and will be carried out in accordance with applicable laws and regulations.
SNB has mandated Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank PJSC, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd, Emirates NBD Bank P.J.S.C., Goldman Sachs International, HSBC Bank plc, Mashreqbank, SNB Capital and Standard Chartered Bank as joint lead managers bookrunners in relation to the proposed issuance.
Saudi National Bank plans to tap international markets under its $5 billion additional Tier 1 capital program
Saudi National Bank (SNB) unveiled intentions to issue US dollar-denominated additional Tier 1 capital notes under its international additional Tier 1 capital bond program, valued at $5 billion, which was created on Dec 11, 2025, according to a statement to Tadawul.
The size and terms of the bond issuance will be determined at a later stage based on market conditions.
The issuance aims to strengthen its additional Tier 1 capital for Saudi National Bank’s general corporate purposes and to support its financial and strategic objectives.
The issuance is expected to be conducted directly by Saudi National Bank through offering notes to qualified investors inside and outside Saudi Arabia, pursuant to a board decision dated Jan. 7. The issuance is subject to approvals from the relevant regulatory authorities, where applicable, and will be carried out in accordance with applicable laws and regulations.
SNB has mandated Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank PJSC, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd, Emirates NBD Bank P.J.S.C., Goldman Sachs International, HSBC Bank plc, Mashreqbank, SNB Capital and Standard Chartered Bank as joint lead managers bookrunners in relation to the proposed issuance.
