| Element List | Explanation |
|---|---|
| Introduction | Saudi Telecom Company (stc) announces its intention to issue international Trust Certificates (sukuk) denominated in U.S. dollars under its USD 5 billion international Trust Certificate (sukuk) issuance programme to be established on 06-01-2026 based on the approval of stc’s board of directors obtained on 30-09-2025. The issuance will be through an offshore special purpose vehicle established outside the Kingdom of Saudi Arabia for this purpose. The international Trust Certificates (sukuk) may be issued in one or more tranches or series by way of an offer to eligible investors in the Kingdom of Saudi Arabia and internationally (the Proposed Offer). stc has mandated BNP PARIBAS, Citibank, Dubai Islamic Bank “DIB”, Emirates NBD Capital, HSBC, Islamic Corporation for the Development of the Private sector “ICD”, Kuwait Finance House Capital “KFH”, Mashreq Bank, National Bank of Greece “NBG”, SNB Capital and Standard Chartered Bank, as joint lead managers in relation to the Proposed Offer. |
| Offer Type | International Trust Certificates (sukuk) denominated in U.S. dollars. |
| Date of the board’s decision | 2025-09-30 Corresponding to 1447-04-08 |
| Value of the offer | The amount and terms of the offer of the international Trust Certificates (sukuk) will be determined subject to market conditions. |
| The Purpose of the offer | For stc’s general corporate purposes. |
| Approvals | The issuance of the international Trust Certificates (sukuk) will be subject to the approval of the relevant regulatory authorities, and will be made in accordance with applicable laws and regulations. |
| Additional Information | This announcement is not intended as an invitation or offer to purchase, acquire or subscribe to any securities and is subject to the terms and conditions of the international Trust Certificates (sukuk). stc will announce any other relevant material developments to its shareholders in due course. |
