stc issues USD-denominated sukuk

stc says size and terms of sukuk offer will be based on market conditions

stc announced the start of issuing USD-denominated international trust certificates (sukuk) under its international sukuk issuance program of up to $5 billion, through a special purpose vehicle (SPV) to be established outside Saudi Arabia for this purpose.

 

The company noted that the size and terms of the sukuk issuance will be determined based on market conditions.

 

Issuance Details

Type

US dollar-denominated sukuk

Offering Amount

Subject to market conditions

Start Date

Jan. 8, 2026

End Date

Jan. 9, 2026

Target Investors

Qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions.

Issuance Manager

BNP Paribas, Citibank, DIB, Emirates NBD, HSBC, the Islamic Corporation for the Development of the Private Sector, Kuwait Finance House, Mashreq Bank, the National Bank of Greece, SNB Capital, and Standard Chartered Bank

Minimum Subscription Value

$200,000 with integral multiples of $1,000 in excess thereof, subject to market conditions (or their equivalent in other currencies as of the issue date).

Offering price

Subject to market conditions

Nominal Value

$200,000

Return

Subject to market conditions

Maturity

Subject to market conditions

Terms of Redemption

May be redeemed under certain conditions, as specified in the sukuk issuance prospectus.
 

The telco stated that the sukuk will be listed on the International Securities Market of the London Stock Exchange. In addition, the sukuk will be issued in accordance with Rule 144A/Reg S offering requirements under the US Securities Act of 1933, as amended.

 

The company added that this announcement does not constitute an invitation or offer to purchase, acquire, or subscribe to any securities. Any transactions are subject to the terms and conditions of the international sukuk, and the company will notify its shareholders of any other material developments in due course.

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