stc Bahrain partners with BNP Paribas on $140mln strategic financing deal to drive next-phase of digital expansion

Manama, Bahrain – stc Bahrain, a digital enabler, has announced the signing of a USD 140 million financing facility with BNP Paribas, one of the world’s leaders in banking and financial services.  Signed during the Gateway Gulf Investment Forum 2026, hosted by the Bahrain Economic Development Board (EDB), the agreement marks the establishment of a key financial partnership designed to support stc Bahrain’s expansion plans, strengthen its digital infrastructure, and drive its long-term growth trajectory in the Kingdom.

Eng. Khalid Al Osaimi, CEO of stc Bahrain, commented: "We are delighted to announce our strategic partnership with BNP Paribas during Gateway Gulf Investment Forum, supporting our plans to deliver strategic projects that strengthen Bahrain’s digital infrastructure and enhance its competitiveness as a regional hub for technology and investment. We remain committed to investing in an integrated digital ecosystem that supports growth across multiple sectors, creates new opportunities for innovation, and delivers advanced solutions that meet our customers’ evolving needs, contributing to economic diversification and the objectives of Bahrain’s Economic Vision 2030."

Benoit Pivot, CEO, BNP Paribas Bahrain said: “BNP Paribas is honored to support stc Bahrain through this USD 140 million financing facility. This partnership demonstrates our commitment to providing tailored financial solutions that empower digital leaders to expand their reach and accelerate digital transformation within the Kingdom of Bahrain. This transaction strengthens the global relationship between BNP Paribas and stc group and illustrates our continued longstanding focus on the Bahrain market.”

The new strategic partnership underlines stc Bahrain’s ongoing commitment to growth and expansion through continued investments in its networks and digital infrastructure, alongside the adoption of advanced technologies. These efforts aim to enhance digital services across local and regional markets, strengthen business competitiveness, elevate customer experiences, and reinforce the company's role in advancing Bahrain’s digital transformation.