The senior unsecured notes were oversubscribed and priced at a spread of 140 basis points over the three-month Saudi interbank offered rate, the bank said on Monday.
GIB Capital was lead coordinator for the offer, while GIB Capital, Samba Capital & Investment Management Co, Riyad Capital and Saudi Fransi Capital were joint lead managers and book runners.
GIB's primary shareholder is the state-owned Public Investment Fund of Saudi Arabia.