Saudi Telecom Company (stc) announced on October 2, 2025, that its subsidiary Public Telecommunications Company-Specialized has signed an Islamic Murabaha facility agreement worth SAR 5.5 billion with Saudi National Bank (SNB) contributing SAR 3.5 billion and Arab National Bank (ANB) providing SAR 2.0 billion. The 12-year facility, secured by a corporate guarantee from stc, was obtained on October 1, 2025, and will fund capital and operating expenditures for telecommunications infrastructure services. SNB is listed as a related party in the transaction.

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