stc Group expands global reach with landmark Sukuk listing on London Stock Exchange
stc Group, the region’s leading telecommunications and digital infrastructure group, has successfully completed a landmark USD 2.0 billion dual tranche, USD-denominated Sukuk issuance, under its USD 5 billion international Sukuk programme, listed on the London Stock Exchange’s International Securities Market (LSE).
The transaction comprised a USD 750 million 5-year tranche, and a USD 1.25 billion 10-year tranche. The issuance attracted strong demand from a broad and diversified global investor base, reflecting deep confidence in stc Group’s resilient business model, disciplined execution, and long-term digital growth strategy.
This transaction further strengthens stc Group’s access to global capital markets, reinforces investor confidence in its robust credit profile, and supports the Group’s strategic role in advancing Saudi Arabia’s digital transformation and building a thriving digital economy under Vision 2030.
“This highly successful dual-tranche Sukuk issuance reflects the continued confidence of international and regional investors in stc Group’s leadership as the region’s leading ICT and telecommunications provider, and in the strength of our future growth trajectory. The exceptional market response reinforces our strategic role in accelerating digital connectivity, enabling innovation, and building a competitive, future-ready digital economy across our markets."
“Through the listing on the London Stock Exchange’s International Securities Market, we are further diversifying our investor base and strengthening our long-term access to global capital. This transaction directly supports our strategic priorities and our commitment to the Kingdom’s Vision 2030."
Olayan M. Alwetaid
Group CEO, stc Group
“This new Sukuk issuance reflects our ability to leverage stc Group’s strong credit standing, resilient balance sheet, and disciplined financial framework to access deep global capital markets on highly competitive terms. The dual-tranche structure, with 5-year and 10 year maturities, extends our maturity profile while further diversifying our funding sources and global investor relationships.”
“The Sukuk’s expected ratings of Aa3 from Moody’s and A+ from Fitch underscore the strength of our credit profile. This transaction enhances our financial flexibility and strongly supports the execution of our growth strategy and long-term value creation for all stakeholders.”
Ameen F. Alshiddi
Group CFO, stc Group
