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Samba Financial Group announces intention to issue Euro Medium Term Notes in U.S Dollars denomination

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Introduction Samba Financial Group (“Samba”) announces its intention to offer notes under its USD 5,000,000,000 Euro Medium Term Note Programme (the “Programme”) established by it on 15 July 2019. The offer is expected to be in U.S. Dollars through a special purpose vehicle (“SPV”) with a guarantee from Samba pursuant to the terms determined by Samba and subject to market conditions. Samba will commence holding investor meetings as of 17 September 2019 in preparation for this offering of the notes.

The Board of Directors of Samba has approved the establishment of the Programme and the offer thereunder pursuant to its resolution dated 17 December 2018.

Samba has mandated First Abu Dhabi Bank, Goldman Sachs International, HSBC, Samba Capital & Investment Management Co. and Standard Chartered Bank as joint lead managers for the proposed offer.

Issuance Type Euro Medium Term Notes in U.S Dollars denomination
Board Resolution Date 2018-12-17 Corresponding to 1440-04-10
Issuance Amount It will be determined subject to market conditions
Purpose of Issuance The purpose of the proposed offer is general corporate purposes
Approvals The offer will be subject to the approval of the relevant regulatory authorities and will be made in accordance with the applicable laws and regulations.
Additional Information This announcement is not intended as an invitation of offer to purchase, acquire or subscribe to any securities. Samba will announce any other relevant material development to its shareholder in due course.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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