The CMA's Board has issued its resolution approving The offering of (500,000,000) shares owned by Public Investment Fund,  representing (25%) of the National Commercial Bank's (the "Bank") share capital. (300,000,000) shares, representing (15%) of the Bank’s share capital, will be allocated to Saudi Individual Investors, while the remaining (200,000,000) shares, representing (10%) of the Bank’s share capital, will be allocated to The Public Pension Agency. The Bank's shares will be offered during the period from 25/12/1435H to 09/01/1436H, which corresponds to the period from 19/10/2014G to 02/11/2014G.

The Bank's prospectus will be published within sufficient time prior to the start of the subscription period. The prospectus  must include all relevant information that the investor needs to know before making an investment decision, including the share price, Bank's financial statements, activities and management.

A subscription decision without reading the prospectus carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the prospectus, which includes detailed information on the bank, the offering and risk factors. Thus, providing potential investors the ability to evaluate the viability of investing in the offering, taking into consideration the associated risks. If the prospectus proves difficult to understand, it is recommended to consult with an authorized financial advisor prior to making any investment decision.

The CMA’s Board approval of the offer should never be considered as a recommendation to subscribe in the offering of any specific company. The Board's approval of  the offer merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.