Pricing of second international note issuance successful

The Saudi Ministry of Finance has announced the successful pricing of a second issuance under the Kingdom of Saudi Arabia’s Global Medium-Term Note Programme.

According to the Saudi Press Agency, the total amount of the second issuance has been sized at US$12.5billion, equivalent to SAR 46.9 billion, consisting of three tranches of Notes as follows: US$3 billion (equivalent to SAR11.3 billion) Notes maturing 2023, US$5 billion (equivalent to SAR 18.8 billion) Notes maturing 2028, and US$4.5 billion (equivalent to SAR16.9 billion) Notes maturing 2047. The issuance received significant interest from international and local investors, with the orderbook peaking at US$40 billion (equivalent to SAR150 billion). The issuance is expected to settle on or about 4th October 2017.

This announcement is not being made in, and copies of it may not be distributed or sent into, the United States, Canada, Australia or Japan. This information does not constitute an offer in the Kingdom of Saudi Arabia, or any other countries, of the securities mentioned above. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act").

The Kingdom of Saudi Arabia does not intend to register any of the securities in the United States or to conduct a public offering of the securities in the United States. The securities will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act.