specialised by stc, a unit of leading Saudi telecom group stc and a major provider of mission-critical communications and digital infrastructure solutions in the kingdom, has been awarded Infrastructure Deal of the Year at the prestigious GBM Saudi Arabia Awards 2026, in recognition of its landmark SAR5.5 billion ($1.45 billion) telecom infrastructure financing.
The award was presented as part of the Global Banking & Markets (GBM) Awards: Saudi Arabia 2026, which recognise the most innovative and groundbreaking transactions across the Kingdom’s financial and capital markets landscape. The judging process evaluates transactions based on factors including structure, execution quality, innovation, market impact, and access to financing.
The winning transaction reflects specialized by stc’s commitment to investing in the infrastructure that powers essential communications services across the Kingdom. The SAR 5.5 billion telecom infrastructure financing initiative enables the company to accelerate the development of advanced, secure, and resilient telecom infrastructure, and helping meet the growing demands of Saudi Arabia’s rapidly evolving digital economy
Commenting on the achievement, Khaled Al Dharrab, Chief Executive Officer of Specialised by stc, said: “Receiving the Infrastructure Deal of the Year award is a proud milestone for specialized by stc and a strong endorsement of our long-term vision to build and operate the critical communications infrastructure that powers Saudi Arabia’s digital future. This recognition reflects the trust of our partners, the dedication of our teams, and our commitment to delivering resilient, secure, and innovative solutions that support national development priorities and accelerate the Kingdom’s transformation into a globally connected digital economy.”
As organisations across Saudi Arabia continue to adopt next-generation technologies, specialized by stc remains focused on expanding its capabilities and investing in the infrastructure required to support critical operations across government, industrial, security, energy, and enterprise sectors.
With this latest recognition, specialized by stc further strengthens its position as a trusted partner in delivering the secure and mission-critical connectivity foundations required to support Saudi Arabia’s ambitious development agenda and Vision 2030 objectives.
