(1) During the reporting period, stc repaid the outstanding balance of its Sukuk program, which had a maximum issuance value of SAR 5 billion. The Sukuk certificates, each with a nominal value of SAR 1 million, were initially issued for a term of 10 years. stc fully settled the principal amount of the Sukuk during 2024.

(2) At the General Assembly meeting on 19 Shaaban of 1440 H (corresponding to April 24, 2019), stc approved the establishment of an international sukuk program and the issuance of sukuk either directly or by establishing special purpose vehicles that are established and used to issue primary or secondary sukuk in one or several parts or one or several stages, or through a series of issues in US dollars, not exceeding the amount of USD 5,000 million for the total value of the sukuk issues and parts of the sukuk program referred to above at any time.

Based on the above, the Saudi Telecom Sukuk Company Limited during the second quarter of 2019 (a company established for the purpose of issuing sukuk under the sukuk program referred to above in US dollar) launched the first issue of the sukuk program in the amount of SAR 4,688 million (equivalent to USD 1,250 million) for 10 years. This program is an international sukuk in US dollar, with a total number of 6,250 sukuk and a nominal value of USD 200 thousand per sukuk having an annual return of 3.89% and a maturity of 10 years.

(3) The value of financing reflects the local currency equivalent of the facility amount on the Date of Obtaining Financing, which may differ from the outstanding amount due to scheduled repayments, FX conversions and capitalized fee amortization effects.