DUBAI: Kuwait has terminated the employment contracts of 3,140 expatriate public sector employees, the chairman of the Civil Service Commission Ahmad Al-Jassar said, according to local daily Kuwait Times.
The contracts were terminated as part of the Kuwaitization push to replace expat employees with nationals in the government sector.
The government has earmarked 44,752 expats for termination – including the 3,140 that have already been dismissed.
Statistics show expats are employed across 46 government sectors, including 25,948 in teaching and training, 6,474 in services, 3,537 in law and Islamic affairs, 2,876 in engineering and 1,539 in social and educational services as well as sports.
![]()
Kuwait terminates more than 3,000 expat public sector employees
Kuwait terminates more than 3,000 expat public sector employees
- The government has earmarked 44,752 expats for termination – including the 3,140 that have already been dismissed
- The contracts were terminated as part of the Kuwaitization push to replace expat employees with nationals in the government sector
Stc Group issues US dollar-denominated sukuk with a total value of $2bn
RIYADH: Stc Group has issued US dollar-denominated sukuk with a total value of $2 billion across two tranches.
The group clarified that the issuance included the offering of $750 million in sukuk with a 5-year maturity at a yield of US Treasury plus 75 basis points, and an issuance of $1.250 billion with a 10-year maturity at a yield of UST plus 90 basis points, according to the Saudi Press Agency.
It noted that the total order book exceeded $8 billion across both tranches, with a coverage rate exceeding 4 times, and participation from over 300 investors in the subscription.
The issuance garnered strong demand from a broad and diverse base of international investors, reflecting solid confidence in the robustness and efficiency of stc Group’s business model and strategy.
This strategy is aimed at strengthening its digital leadership, seizing infrastructure opportunities, enabling massive projects, and contributing to the realization of Vision 2030 objectives, with a focus on achieving sustainable growth based on operational efficiency and maximizing shareholder value.
This issuance enhances stc Group’s access to international capital markets and solidifies investor confidence in the strength of its credit position.
It also supports its strategic role in accelerating the pace of digital transformation in the Kingdom and building a thriving digital economy.
Latest updates
© 2026 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement.