stc Group Recognized for Award-Winning Sukuk and Bond Deal in Saudi Arabia
RIYADH — stc Group has been named winner of the Sukuk and Bond Deal of the Year 2025 award at the Saudi Capital Market Awards, recognizing the telecommunications group’s significant contribution to advancing the Kingdom’s debt capital market.
The award follows stc’s successful issuance of $2 billion in US dollar-denominated sukuk, split across two tranches: a $750 million five-year tranche with an annual yield of 4.489 percent, and a $1.25 billion 10-year tranche with an annual yield of 5.083 percent. The sukuk were admitted to trading on the International Securities Market of the London Stock Exchange on January 15.
The issuance attracted strong demand from a broad and diversified base of global investors, with total orders exceeding $8 billion from more than 300 investors, representing an oversubscription of more than four times.
The strong investor interest reflects confidence in the group’s resilient business model and its strategy to strengthen its position as a leading regional digital enabler. The award also highlights stc’s role in capitalizing on opportunities in infrastructure and enabling mega-projects, while focusing on sustainable growth based on operational efficiency and maximizing shareholder value.
The Saudi Capital Market Awards recognize outstanding market participants whose contributions help advance the development of the Kingdom’s capital market in line with the objectives of the Financial Sector Development Program.
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