Saudi Telecom Company intends to establish an international sukuk program with a total amount not exceeding US $ 5 billion, and to issue sukuk under it directly or through a special purpose facility established outside Saudi Arabia for this. Purpose.

The company’s board of directors has issued approval to submit the recommendation to the extraordinary general assembly to approve the establishment of the program and offering under it, based on the company’s articles of association, and the sukuk will be issued in part or Several parts and on a stage or several stages, or through a series of publications, and offering them a public or private offering.

The program aims to support the implementation of the company's strategy and future plans, and to diversify funding sources and take advantage of the advantages and characteristics of international instruments, which are global liquidity, competitive prices and the diversity of the investor base , In addition to raising the company's financial capacity and strengthening its presence in the international debt market.

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