Logo of stc
stcannounced the start of issuing USD-denominatedinternational 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 company stated that the sukuk will be listed on the International Securities Market of the London Stock Exchange. In addition, the trust certificates 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.
Logo of stc
stcannounced the start of issuing USD-denominatedinternational 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 company stated that the sukuk will be listed on the International Securities Market of the London Stock Exchange. In addition, the trust certificates 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.
