GulfBase Live Support
24/04/2014 08:04 AST
DUBAI: Saudi Telecom Co (STC), the Gulf's biggest telecommunications operator by market value, has picked three banks to manage its debut Islamic bond offer, banking sources aware of the transaction told Reuters on Wednesday.
It has chosen JP Morgan Chase, Standard Chartered and the investment banking arm of Saudi Arabia's National Commercial Bank to arrange the transaction, three sources said, speaking on condition of anonymity as the information isn't public. STC declined to comment.
The sources said it was currently unclear if STC was looking to complete a sukuk issue in the local Saudi market, or if the sukuk would be US dollar-denominated and sold to international investors.
Arab News
07/03/2018
Ericsson has been chosen by Saudi Telecom Company (STC) Group for a major nationwide expansion of its 4G network in Saudi Arabia, including the deployment of LTE Advanced and Narrow Band-Internet of
Trade Arabia
01/03/2018
Saudi Telecom Company (STC) and Cisco have penned a deal designed to pave the way for collaboration for the development of 5G in KSA. The memorandum of understanding (MoU) was signed at the Mobile Wo
Arab News
08/01/2018
Saudi Telecom Co (STC) has obtained a 1.51 billion ringgit ($378.5 million) Islamic loan through its Malaysian subsidiary, according to a document from arranging banks.
Saudi Telecom, the
Reuters
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
04/04/2018
Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
04/04/2018
Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News