Saudi Telecom Co (7010)

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News

26 February 2025 01:48 PM stc delivers SAR 24.6bn profits in 2024; special cash dividends recommended

Riyadh – Mubasher: Saudi Telecom Company (stc) posted 85.70% higher net profits at SAR 24.68 billion in 2024, compared to SAR 13.29 billion in 2023. Revenues climbed by 5.73% year-on-year (YoY) to SAR 75.89 billion as of 31 December 2024 from SAR …

Cash Dividends

16 February 2025 08:32 PM stc enters into strategic agreements with global digital entities at LEAP 2025

Riyadh – Mubasher: More than 75 strategic partnerships between Saudi Telecom Company (stc) Group and tech industry giants were signed at LEAP 2025, which concluded on 12 February after lasting for four days, according This year, stc set new …

Event

16 February 2025 02:29 PM stc’s iot squared joins Ericsson at LEAP 2025 to launch platform with Alshaya inaugural customer

Riyadh – Mubasher: Ericsson and Saudi Telecom Company (stc) Group’s iot squared jointly launched Ericsson Connected Recycling platform in Saudi Arabia during the four-day LEAP 2025 event, with Alshaya Group being the inaugural customer. The local …

Companies Investments

16 February 2025 01:48 PM Recently launched upsource partners with Cognizant at LEAP 2025 via 3-year strategic agreement

Riyadh – Mubasher: upsource by solutions has teamed up with Cognizant through a three-year strategic partnership that was signed at LEAP 2025 to reshape business process outsourcing (BPO) in Saudi Arabia and beyond, according to a press release. …

Companies Investments

13 February 2025 08:15 PM Al Sheikh says deal with stc at LEAP 2025 is part of SAL’s customer-centric strategy

Riyadh – Mubasher: SAL Logistics Services’ recent memorandum of understanding (MoU) with Saudi Telecom Company (stc) Group is part of SAL’s customer-centric strategy and marks an important step towards enhancing the efficiency of logistics …

Companies Investments

11 February 2025 07:27 PM SAL inks MoU with stc following agreement with Saudi MDA at LEAP 2025

Riyadh– Mubasher: SAL Saudi Logistics Services Company has signed a memorandum of understanding (MoU) with Saudi Telecom Company (stc) at the LEAP 2025 conference. The joint agreement aims at bringing innovative AI-based and Internet of Things …

Event

10 February 2025 09:51 AM stc launches upsource by solutions at LEAP 2025

Riyadh – Mubasher: Saudi Telecom Company (stc) has launched upsource by solutions, the new identity of the group’s Contact Center Company (CCC) specialised in business outsourcing, according to a press release. The launch, announced at the LEAP …

Companies Investments

9 February 2025 05:21 PM stc partakes as Strategic Partner at LEAP 2025 to boost digital transformation worldwide

Riyadh – Mubasher: Saudi Telecom Company (stc) is joining the LEAP 2025 leading event as a strategic, founding partner to showcase an expansive suite of innovative solutions driving digital transformation across key industries, according to a …

Companies Investments

28 January 2025 10:04 AM stc pens SAR 32.6bn agreement with government entity

Riyadh – Mubasher: Saudi Telecom Company (stc) inked a contract valued at SAR 32.64 billion with a government entity on 27 January 2025, according to a bourse filing. Under the mega deal, the company will build, operate, and provide …

Companies Investments

11 December 2024 02:33 PM solutions, stc ink joint agreement exceeding SAR 151m

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) and Saudi Telecom Company (stc) penned, on 10 December, a joint deal valued at SAR 151.17 million. The three-year agreement includes providing Red Hat licenses …

Companies Investments

27 November 2024 07:10 PM stc’s TAWAL collaborates with 5SKYE to endorse digital future in Saudi Arabia

Riyadh – Mubasher: Telecommunications Towers Company (TAWAL), a subsidiary of the listed Saudi Telecom Company (stc) and a leading ICT infrastructure firm, has joined forces with provider of edge AI infrastructure solutions 5SKYE through a …

Companies Investments

4 November 2024 10:50 AM stc logs higher profits at SAR 11.2bn in 9M-24; dividends for Q3 announced

Riyadh – Mubasher: Saudi Telecom Company (stc) registered net profits worth SAR 11.23 billion in the first nine months (9M) of 2024, up 1.92% year-on-year (YoY) from SAR 11.02 billion. In January-September 2024, the revenues climbed by 3.92% YoY …

Board of Directors

24 October 2024 09:23 AM ANB pens strategic agreements at Seamless Saudi Arabia 2024

Riyadh—Mubasher: Arab National Bank (ANB) inked a cooperation agreement with the Saudi General Organisation for Social Insurance (GOSI) and HyperPay during the Seamless Saudi Arabia 2024 exhibition. The joint deal aims to facilitate the process of …

Global Economy

16 October 2024 00:23 PM solutions, stc sign agreement at nearly SAR 310m

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) inked a deal to establish and develop the internet and communications networks for Saudi Telecom Company (stc). The two companies signed the 24-month agreement at …

Companies Investments

12 September 2024 00:10 PM stc teams up with PIF’ unit to enhance digital solutions

Riyadh – Mubasher: Saudi Telecom Company (stc) inked a strategic partnership agreement with New Murabba, a subsidiary of the Public Investment Fund (PIF), according to a press release The partnership aims to improve and facilitate the …

Companies Investments

3 September 2024 03:54 PM stc’s subsidiary STC Bank partakes in global meeting point 24 Fintech as Founding Partner

Riyadh – Mubasher: STC Bank, formally known as stc pay and one of the leading digital innovators in the listed Saudi Telecom Company (stc) portfolio, is joining the 24 Fintech three-day event in Saudi Arabia as a Founding Partner. Being the newest …

Global Economy

25 August 2024 09:39 AM stc’s board greenlights dividends police for 3 years

Riyadh – Mubasher: The board of Saudi Telecom Company (stc) approved, on 24 August, the dividends distribution policy for the next three years, according to a bourse filing. The telecom group commits to pay SAR 0.55 per share quarterly for the …

Board of Directors

30 July 2024 11:23 AM Taiba Investments secures SAR 150m loan for project with stc’s unit

Riyadh – Mubasher: Taiba Investments Company obtained a SAR 150 million Sharia-compliant Murabaha financing from Bank Albilad on 29 July 2024, according to a bourse filing. The facility deal aligns with the company’s partnership agreement with …

Companies Investments

29 July 2024 08:32 AM stc names new Chairman, Vice Chairman

Riyadh – Mubasher: Saudi Telecom Company (stc) has appointed Mohammed Al Faisal as the Chairman of the board, according to a bourse disclosure. The company’s board also named Yazeed Al Humied as the Vice Chairman for the next four years. …

Board of Directors

23 July 2024 05:13 PM stc achieves SAR 6.5bn net profits in H1-24, unveils Q2 dividends

Riyadh – Mubasher: Saudi Telecom Company (stc) posted a 7.73% year-on-year (YoY) increase in net profit to SAR 6.59 billion during the first half (H1) of 2024 compared to SAR 6.11 billion. The earnings per share (EPS) went up to SAR 1.32 as of 30 …

Cash Dividends

8 May 2024 10:57 AM stc’s profits rise over 5% YoY in Q1-24; dividends proposed

Riyadh – Mubasher: The net profit of Saudi Telecom Company (stc) grew 5.69% year-on-year (YoY) to SAR 3.28 billion in the first quarter (Q1) of 2024 from SAR 3.10 billion. Revenues rose by 5.06% YoY to SAR 19.10 billion in Q1-24 from SAR 18.17 …

Cash Dividends

22 April 2024 10:41 AM PIF, stc to form region’s largest telecom tower company

Riyadh – Mubasher: The Public Investment Fund (PIF) inked a sale and purchase agreement (SPA) with Saudi Telecom Company (stc), on 21 April 2024, for a stake acquisition in TAWAL.  The Saudi fund unveiled plans to own 51% shareholding in TAWAL, …

Global Economy

16 April 2024 00:41 PM solutions pens SAR 140m deal with stc

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) and Saudi Telecom Company (stc) penned an agreement valued at SAR 139.95 million. The deal covers the renewal of VMware licenses and providing maintenance and …

Companies Investments

26 March 2024 06:22 PM stc joins Ericsson towards more sustainable network in Saudi Arabia

Riyadh – Mubasher: Ericsson and Saudi Telecom Company (stc) have both marked their achievements to provide a more sustainable network in Saudi Arabia, which resulted in progress across various areas in line with the  Saudi Green Initiative (SGI). …

Companies Investments

11 March 2024 01:27 PM TAWAL unveils new technology for private 5G network at LEAP 2024

Riyadh – Mubasher: TAWAL, an information and communications technology (ICT) infrastructure subsidiary of Saudi Telecom Company (stc), has announced a new technical system for private 5G networks at LEAP 2024. TAWAL joined forces with MOBiSENSE to …

Companies Investments