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). |
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