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MarketScreener Homepage  >  Equities  >  SAUDI ARABIA STOCK EXCHANGE  >  Saudi Telecom Company SJSC    7010   SA0007879543

SAUDI TELECOM COMPANY SJSC

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Saudi Telecom SJSC : KFH Capital arranges 1st sukuk transaction for STC

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06/09/2019 | 10:47am EST

The issue comes along with the company’s $5 billion sukuk programme

Mubasher: Kuwait'sKFH Capital has finalised the arrangement of its first sukuk issue transaction for the Saudi Telecom Company (STC), valued at $1.25 billion.

Abdullah Sulaiman Al Haddad, chief investment banking officer of KFH Capital, said that the ten-year transaction has a return of 3.89%.

He added that the issue comes along with the company’s $5 billion sukuk programme, governed by the Sukuk Issuance Regulation 144 A and Reg. S system of the US Securities Act.

The sukuk issuances are listed on the Irish Stock Exchange (ISE), Al Haddad noted.

“Subscription volume reached 3x the targeted amount, thus reflecting the world’s tremendous trust in Saudi Economy and the company’s capabilities which are rated A1 by Moody’s Rating Agency,” Al Haddad highlighted.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (SAR)
Sales 2019 54 249 M
EBIT 2019 13 367 M
Net income 2019 11 308 M
Finance 2019 1 907 M
Yield 2019 4,52%
P/E ratio 2019 17,2x
P/E ratio 2020 16,5x
EV / Sales2019 3,58x
EV / Sales2020 3,27x
Capitalization 196 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 101,66  SAR
Last Close Price 98,00  SAR
Spread / Highest target 14,5%
Spread / Average Target 3,73%
Spread / Lowest Target -12,1%
EPS Revisions
Managers
NameTitle
Nasser Sulaiman A. Al-Nasser Group Chief Executive Officer
Mohammed Khaled Al-Abdullah Al-Faisal Chairman
Haithem Mohammed Al-Faraj Senior VP-Technology & Operations
Ameen Fahad ben Abdulaziz Al-Shiddi Chief Financial Officer
Ibraheem Abdul Rahman Hamd Al-Qadi Independent Director
Sector and Competitors