Saudi Cable is rewiring its financial architecture once again—this time by plugging into the kingdom’s energetic debt circuit with a planned SAR300 million sukuk. The instrument, still in the design phase, may take the shape of either a Murabaha or Mudaraba, backed by a green light from the company’s board earlier this week.
This sukuk push sits alongside a much larger ambition already in motion: a SAR400 million capital increase through a Rights Offering, awaiting regulatory clearance. Together, the moves sketch out a company intent on tightening bolts, refreshing balance sheets, and reloading for the long haul.
The momentum follows a steady Q3 performance, where Saudi Cable posted SAR36.78 million in profit—just a touch above last year’s showing, but enough to keep the current flowing.
Across the kingdom, the wider corporate landscape has been equally energized. From major state-linked entities to heavyweight banks, the debt markets have become a favored lane, fuelled by supportive conditions and a rush to secure long-term financial flexibility. Saudi Cable’s latest step simply adds another spark to a very active grid.
