Completion of the subscription process for Arab Bank’s sustainable loan bonds with great success

Arab Bank announced the successful issuance of USD 250 million in Additional Tier 1 (AT1)
Capital Securities. The milestone marks the first sustainable perpetual AT1 issue in Jordan.
The bond, which was issued through a private placement, is listed on the International Securities
Market (ISM) and the Sustainable Bond Market of the London Stock Exchange. The bond,
which offers investors an interest rate of 8%, attracted a diverse group of investors, including
large institutional and individual investors from Jordan and several other countries where Arab
Bank operates.
The issuance is intended to further strengthen the bank’s capital base and diversify its sources of
funding, to support its future plans for regional growth and expansion.
Arab Bank’s Chairman Sabih Masri expressed his gratitude towards investors and stated: "The
overwhelming demand for this issuance, which exceeded the issue size, underscores the deep-
rooted confidence that local and regional investors bestow upon Arab Bank.” He also extended
his sincere thanks to the Central Bank of Jordan and Jordan Securities Commission for their
instrumental support.
“We are proud to receive such a strong vote of confidence from investors in response to this
significant issuance” commented Ms. Randa Sadik, Arab Bank’s CEO. The proceeds of the
issuance will be used to finance a portfolio of qualified sustainable projects, in line with Arab
Bank’s strategy to integrate Environmental, Social and Governance (ESG) principles across the
organisation.
"In the upcoming period, we anticipate further initiatives, which will further boost the bank’s
performance across the various business sectors” Ms. Sadik added. “Our emphasis will remain
on expanding into new markets, diversifying our revenue streams and continuing to provide
comprehensive banking services and solutions, supported by integrated digital platforms and
channels."
Arab Bank, headquartered in Amman Jordan, was established in 1930 and currently has one of
the largest global Arab banking networks with over 600 branches spanning five continents and
covering key financial markets and centres. Earlier this year, Arab Bank was named the “Best
Bank in the Middle East for 2023” by Global Finance magazine for the eighth consecutive year.