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The Islamic Corporation for the Development of the Private Sector (ICD) Participates in Saudi Telecom Company’s USD 2.0 Billion Dual Tranche Sukuk Issuance

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Saudi

The transaction’s competitive pricing underscores market recognition of STC’s operational excellence, digital transformation agenda, and alignment with Saudi Vision 2030

JEDDAH, Saudi Arabia, January 19, 2026/APO Group/ — 

  • ICD serves as Joint Lead Manager for STC’s USD 2.0 billion dual-tranche Sukuk.
  • First-time collaboration between ICD and Saudi Arabia’s largest telecommunications company.
  • Transaction achieves 4x oversubscription with USD 8 billion in total orders from 300+ global investors.
  • Competitive pricing reflects strong market confidence in STC’s credit quality and strategic vision.
  • Issuance supports digital infrastructure expansion and financial inclusion across the region.

 

The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), the private sector arm of the Islamic Development Bank (IsDB) Group, has participated as Joint Lead Manager in Saudi Telecom Company’s (STC) successful USD 2.0 billion dual-tranche Sukuk issuance. This landmark transaction represents STC’s first return to the international sukuk market since its USD 1.25 billion issuance in 2019, demonstrating continued investor confidence in both STC and Shariah-compliant capital markets in the Kingdom of Saudi Arabia.

The issuance achieved exceptional market reception, attracting total orders exceeding USD 8 billion across both tranches, representing more than 4x oversubscription. The 5-year tranche garnered USD 2.1 billion in orders (2.8x oversubscribed), while the 10-year tranche received USD 3.3 billion (2.6x oversubscribed). Final pricing was set at US Treasury + 75 basis points for the 5-year tranche and US Treasury + 90 basis points for the 10-year tranche, reflecting robust investor appetite and STC’s strong credit standing.

The dual-tranche structure provides STC with flexible, long-term financing to advance its strategic initiatives in the telecommunications sector. As one of the region’s leading telecommunications providers, STC plays a vital role in expanding digital infrastructure and connectivity across Saudi Arabia and beyond. The transaction’s competitive pricing underscores market recognition of STC’s operational excellence, digital transformation agenda, and alignment with Saudi Vision 2030.

ICD’s participation reflects its ongoing commitment to developing Islamic capital markets across member countries. Supporting institutions like STC, whose initiatives expand digital access and promote financial inclusion, aligns directly with ICD’s developmental mandate and mission to empower sustainable private sector growth. By backing a transaction that strengthens digital infrastructure and broadens connectivity, ICD contributes to greater financial inclusion and economic participation throughout the region.

The successful completion of this Sukuk issuance, with participation from more than 300 international investors, underscores the robust global appetite for high-quality Shariah-compliant investment opportunities in strategic sectors. It also highlights the increasing international recognition of STC’s strategic importance and credit strength in advancing regional digital transformation.

Distributed by APO Group on behalf of Islamic Corporation for the Development of the Private Sector (ICD).

Business

Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

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Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

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Business

ORUN and 1xBET Partner to Support a Dynamic Creative Africa

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MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

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MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

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MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

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