IssuerAnnouncementDetailsV2Portlet
Saudi Telecom Company (stc) announces that its subsidiary (Public Telecommunications Company -Specialized) has signed an Islamic Murabaha facility agreement with Saudi Banks
| Element List | Explanation |
|---|---|
| Introduction | Saudi Telecom Company (stc) announces that its subsidiary (Public Telecommunications Company -Specialized) has signed an Islamic Murabaha facility agreement for a total value of SAR 5.5 billion. The facility agreement comprises a participation of SAR 3.5 billion from Saudi National Bank (SNB) and SAR 2.0 billion from Arab National Bank (ANB). |
| Date of obtaining the funding | 2025-10-01 Corresponding to 1447-04-09 |
| Financing entity | Saudi National Bank (SNB) Arab National Bank (ANB) |
| Financing amount. | SAR 5.5 billion. |
| Financing duration. | 12 Years |
| Guarantees offered for the financing | Corporate guarantee issued by Saudi Telecom company (stc). |
| Financing objective | To fund the capital and operating expenditures for building, operating, and providing telecommunications infrastructure services. |
| Related Parties | Saudi National Bank (SNB). |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.