Notice of Redemption
Summary by AI BETAClose X
Notice of redemption by NCB Tier 1 Sukuk Limited (the "Issuer") in respect of its issuance of USD 1,250,000,000 Additional Tier 1 Capital Certificates (the "Certificates")
ISIN Code XS2280537916
Capitalised terms used but not otherwise defined in this Notice shall have the meaning given to them in the terms and conditions in the form set out in Schedule 2 to the declaration of trust dated 26 January 2021 pursuant to which the Certificates were constituted (the "Conditions").
NOTICE IS HEREBY GIVEN by the Issuer upon the instructions of the Saudi National Bank (formerly known as The National Commercial Bank) that the Issuer will fully redeem all of the outstanding Certificates on the First Call Date, being 26 July 2026, in accordance with Condition 10.1(b). The outstanding Certificates will be redeemed at the Trustee Call Amount, being a price equal to 100 per cent. of the outstanding amount of the Certificates plus any Outstanding Payments as at the First Call Date. Accordingly, the admission of the Certificates to the ISM of the London Stock Exchange will be cancelled upon redemption on 26 July 2026.
NCB Tier 1 Sukuk Limited
26 June 2026
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