stc Launches Dollar-Denominated International Sukuk Offering as Part of $5 Billion Financing Program

Riyadh | EcoPulse24

Saudi Telecom Company (stc) has begun the offering of dollar-denominated international sukuk starting Thursday, January 8, 2026, as part of its international sukuk issuance program with a total value of up to $5 billion, according to a disclosure on the Saudi Stock Exchange (Tadawul).

The sukuk will be issued through a special purpose vehicle established outside Saudi Arabia. The final value and terms of issuance will be determined based on market conditions, targeting qualified investors in the designated markets and in accordance with applicable laws and regulations.

Offering Details:
- Type: Dollar-denominated international sukuk
- Offering period: January 8, 2026 to January 9, 2026
- Par value: $200,000 per sukuk
- Minimum subscription: $200,000, with increments of $1,000 and multiples thereof
- Yield and maturity: To be set according to market conditions
- Listing: London Stock Exchange International Securities Market
- Distribution: Regulation S and Rule 144A under the US Securities Act

Issuance Managers:
The sukuk offering is managed by a consortium of local and international financial institutions, including BNP Paribas, Citi, HSBC, Standard Chartered, Dubai Islamic Bank, Emirates NBD, Kuwait Finance House, NCB Capital, Mashreq Bank, and the Islamic Corporation for the Development of the Private Sector.

Strategic Context:
This issuance aligns with stc's strategy to diversify funding sources and enhance financial flexibility, supporting its investment and expansion plans both regionally and internationally. It also leverages growing global demand for Sharia-compliant fixed income instruments.

Stock Performance:
As of today's trading, stc's share (7010) declined by 0.28%, reflecting general market sentiment following the announcement, with no sharp volatility linked directly to the news.

Note: This announcement does not constitute an invitation or offer to subscribe or purchase. The offering is subject to the terms and conditions of the sukuk prospectus.