{"id":101142,"date":"2025-10-05T00:00:00","date_gmt":"2025-10-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/"},"modified":"2025-10-05T00:00:00","modified_gmt":"2025-10-05T00:00:00","slug":"stc-unit-lands-sar-5-5-bn-for-infrastructure-push","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/","title":{"rendered":"STC unit lands SAR 5.5 bn for infrastructure push"},"content":{"rendered":"

\n

DEBT WATCH-<\/p>\n

STC subsidiary inks a combined Murabaha agreement with SNB, ANB:<\/strong> Public Telecommunications Company Specialized, a subsidiary of Saudi Telecom Company (STC), secured a SAR 5.5 bn Islamic Murabaha facility agreement to fuel infrastructure projects, it said in a Tadawul disclosure<\/a> on Thursday. The funding package includes SAR 3.5 bn from the Saudi National Bank, while the Arab National Bank will provide the remaining SAR 2 bn. <\/p>\n

IN CONTEXT-<\/strong> STC Group agreed last week<\/a> to invest over SAR 1.2 bn to expand digital infrastructure and services at Red Sea Global\u2019s destinations, an investment that ranks among the largest of its kind in the Kingdom\u2019s tourism sector. The agreement aims to enhance customer digital experience and present Red Sea Global\u2019s resorts and communities as smart global destinations.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

\n

WORKFORCE-<\/p>\n

Reg<\/strong>istration is now open for PIF\u2019s Azm Program:<\/strong> The Public Investment Fund unveiled the Azm<\/a> Program designed to upskill the national vocational talent to meet the PIF\u2019s labor market needs and the wider Saudi economy, it said in a press release<\/a>. The program is in partnership with the Human Resources Development Fund, the Technical and Vocational Training Corporation, Colleges of Excellence, and PIF-owned Roshn Group.<\/p>\n

Application submission is now available via the program\u2019s website.<\/strong> Participants will get hands-on experience in high-demand fields like construction project management, facility management, and health, safety, and environment. Upon completion, trainees will hold internationally recognized certificates and receive job offers from companies including Saudi Binladin Group, Muheel, Jasara, AlMabani, AECOM, Hassan Allam Holding, Famco, and Nesma.<\/p>\n

\n

DEVELOPMENT WATCH-<\/p>\n

Developme<\/strong>nt projects worth SAR 2.6 bn were inaugurated in Hafar Al-Batin Governorate <\/strong>on Wednesday<\/strong> by the Municipalities and Housing Ministry, state news agency SPA<\/a> reported. The initiatives include a major rainwater and flood drainage system, alongside other municipal and investment projects.<\/p>\n

\n

AVIATION-<\/p>\n

Budget airline flyadeal began direct flights to Damascus<\/strong>, launching three weekly services from Jeddah on 1 October and four from Riyadh the following day, according to a press release<\/a> published on Friday. <\/p>\n

\n

CAPITAL MARKETS-<\/p>\n

Three companies get the green light to manage investments: <\/strong>The Capital Markets Authority approved Asbar Alosool Capital<\/a>, Asas Gulf Capital<\/a>, and Arqaam Capital Financial<\/a> to conduct managing investments activity in the securities sector, it said in separate statements on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"

AND- Registration for the PIF\u2019s Azm Program is now open<\/p>\n","protected":false},"author":1,"featured_media":101143,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,1056,57,4434,10,2134,14,2903,1151,2632],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-101142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-capital-market-authority-cma","tag-debt-watch","tag-debts","tag-enterpriseam-ksa","tag-flyadeal","tag-ma-watch","tag-municipalities-and-housing-ministry","tag-public-investment-fund-pif","tag-stc","wpautop","entry"],"acf":{"mongo_id":"652be4ad-0a93-4ae5-9e9b-2e8387dd5f7c","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/10\/178.jpg","photo_position":"above","homepage_title":"","full_issue_title":"STC unit inks SAR 5.5 bn, 12-year financing with Saudi banks","related_issue":[101125],"teaser":"AND- Registration for the PIF\u2019s Azm Program is now open","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.198b5b2f-79d7-4049-bcd9-39797278dc38.mp3"},"yoast_head":"\nSTC unit lands SAR 5.5 bn for infrastructure push - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STC unit lands SAR 5.5 bn for infrastructure push\" \/>\n<meta property=\"og:description\" content=\"AND- Registration for the PIF\u2019s Azm Program is now open\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-05T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/178.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"STC unit lands SAR 5.5 bn for infrastructure push\",\"datePublished\":\"2025-10-05T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/\"},\"wordCount\":398,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/178.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"Capital Market Authority (CMA)\",\"debt watch\",\"debts\",\"EnterpriseAM KSA\",\"Flyadeal\",\"M&A WATCH\",\"Municipalities and Housing Ministry\",\"Public Investment Fund (PIF)\",\"STC\"],\"articleSection\":[\"ALSO ON OUR RADAR\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/\",\"name\":\"STC unit lands SAR 5.5 bn for infrastructure push - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/178.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-10-05T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/178.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/10\/178.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"STC unit lands SAR 5.5 bn for infrastructure push\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"STC unit lands SAR 5.5 bn for infrastructure push - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/","og_locale":"en_US","og_type":"article","og_title":"STC unit lands SAR 5.5 bn for infrastructure push","og_description":"AND- Registration for the PIF\u2019s Azm Program is now open","og_url":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/","og_site_name":"KSA","article_published_time":"2025-10-05T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/178.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"STC unit lands SAR 5.5 bn for infrastructure push","datePublished":"2025-10-05T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/"},"wordCount":398,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/178.jpg?fit=%2C&ssl=1","keywords":["ALSO ON OUR RADAR","Capital Market Authority (CMA)","debt watch","debts","EnterpriseAM KSA","Flyadeal","M&A WATCH","Municipalities and Housing Ministry","Public Investment Fund (PIF)","STC"],"articleSection":["ALSO ON OUR RADAR"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/","url":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/","name":"STC unit lands SAR 5.5 bn for infrastructure push - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/178.jpg?fit=%2C&ssl=1","datePublished":"2025-10-05T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/178.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/178.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/05\/stc-unit-lands-sar-5-5-bn-for-infrastructure-push\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"STC unit lands SAR 5.5 bn for infrastructure push"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/178.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/178.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/10\/178.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/101142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=101142"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/101142\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/101125"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/101143"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=101142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=101142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=101142"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=101142"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=101142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}