| Element List | Explanation |
|---|---|
| Introduction | Reference to the announcement from Saudi Telecom Company (STC) published on Saudi Stock Exchange (Tadawul’s) website on 21/3/2019 (corresponsing to 14/4/1440H), indicating its intention to establish an international Sukuk Program in a total amount not exceeding US dollar 5 billion and issue Sukuk thereunder in tranches through a series of issuances either directly or through an offshore special purpose vehicle to be established for this purpose. STC announces that STC Sukuk Company Limited will start offering the first issue of USD denominated Sukuk under the Sukuk Program. |
| Issuing type | International Sukuk denominated in USD |
| Issuing Amount | The final value of the first issuance will be subject to market conditions and company’s requirement |
| Issuing Start Date | 2019-04-26 Corresponding to 1440-08-21 |
| Issuing End Date | 2019-06-30 Corresponding to 1440-10-27 |
| Target group of issuance | Institutional investors (qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions) |
| Lead Manager | HSBC Bank plc, J.P Morgan Securities plc, Standard Chartered bank, Samba Capital & Investment Management Company, First Abu Dhabi Bank , and KFH Capital Investment Company |
| Minimal Subscription | Certificates will have a minimum denomination of €100,000 (or its equivalent in other currencies as at the date of issue). In the case of any Certificates to be sold in the United States to QIBs, the minimum specified denomination shall be U.S.$200,000 (or its equivalent in other currencies). |
| Listing Price (Sukuk /Bonds) | Will be subject to market conditions |
| Par Value | Will be subject to market conditions |
| Return (Sukuk /Bonds) | Will be subject to market conditions |
| Maturity (Sukuk /Bonds) | Will be subject to market conditions |
| Terms of Redemption | the Certificates may be subject to early redemption at the option of STC Sukuk Company Limited and STC upon the occurrence of a tax event. The Certificates shall also be redeemed early upon the occurrence of a total loss event or a dissolution event. Subject to market conditions, a change of control put option, trustee call option and/or holder put option may also apply to any offer of Certificates. |
| Additional Information | Application has been made to the Irish Stock Exchange plc trading as Euronext Dublin ("Euronext Dublin") for the Certificates issued under the Programme during the period of 12 months from the date of the Base Prospectus to be admitted to the official list and to trading on the regulated market of Euronext Dublin. Certificates may be sold in reliance on Regulation S or Rule 144A under the U.S. Securities Act of 1933, as amended. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.