Saudi Telecom Co. — Capital/Financing Update 2026

Feb 8, 2026

Saudi Telecom Company (stc) announces telecommunications infrastructure project award with Syrian Sovereign Fund

7010 · 08/02/2026 08:01:41 · Announcement #93001 · View on Saudi Exchange

Saudi Telecom Company (stc) announces telecommunications infrastructure project award with Syrian Sovereign Fund

Element List	Explanation
Introduction	Saudi Telecom Company (stc) announces project award with Syrian Sovereign Fund for the implementation of telecommunications infrastructure project “Silklink” in Syrian Arab Republic (Syria).

The awarding of this project follows stc’s success in winning the competitive process, which was attended by most regional telecommunications companies. Date of Award 2026-02-07 Corresponding to 1447-08-19 Counterparty Syrian Sovereign Fund Project Value SAR 3 billion Project Details The Silklink project aims to enhance telecommunications infrastructure and connect Syria regionally and internationally through the establishment of a fibre-optic network extending over 4,500 kilometers, in addition to the development of data centers and international submarine cable landing stations.

The project will contribute to providing high data transfer capacities and improved network reliability, enabling telecom operators in Syria and the region to offer advanced communication services, support digital applications, cloud services, and the Internet of Things (IoT), as well as improve internet quality and enhance the efficiency of Syria’s digital infrastructure.

The Silklink project represents an extension of stc’s strategy to expand its investments in cross-border digital infrastructure and to build a regional connectivity system linking Arab, Asian and European markets, which reinforces stc's position as a leading digital enabler in the region and supports its plans to achieve sustainable growth in the telecommunications and digital services sectors.

It is worth noting that the project will be through a partnership with the Syrian Sovereign Fund, in which stc will hold a 75% stake, while the fund will hold 25%. Related Parties NA

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