stc plans to issue USD-denominated international sukuk

stc says sukuk may be issued in one or more tranches or through a series of issuances

stc plans to issue dollar-denominated international sukuk, under its international sukuk issuance program of up to $5 billion.

The telecom major intends the launch today, Jan. 6, pursuant to the board of directors’ approval dated Sept. 30, 2025.

In a statement to Tadawul, the company said the issuance will be conducted through a special purpose vehicle (SPV) to be established outside Saudi Arabia for this purpose.

The sukuk may be issued in one or more tranches or through a series of issuances and will be offered to qualified investors inside and outside the Kingdom.

stc appointed BNP Paribas, Citibank, Dubai Islamic Bank (DIB), Emirates NBD, HSBC, the Islamic Corporation for the Development of the Private Sector (ICD), Kuwait Finance House, Mashreq Bank, National Bank of Greece, SNB Capital, and Standard Chartered as joint lead managers for the proposed offering.

The company noted that the size and terms of the sukuk issuance will be determined based on market conditions and that the proceeds will be used for general corporate purposes.

stc also emphasized that the offering is subject to the approval of the relevant regulatory authorities and will be carried out in accordance with applicable laws and regulations.

The announcement does not constitute an invitation or offer to purchase, acquire, or subscribe to any securities, and any material developments will be disclosed in due course.