Saudi Telecom Co (STC) News - Mubasher Info
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04 April 08:17 PM

Saudi Telecom Co (7010)

Last update: 2 April 03:19 PM market time.
42.42
-0.06
-0.14%
Open 42.48
Previous Close 42.48
High 42.54
Low 42.34
Stock Statistics
Volume 2,247,855
Turnover 95,399,313.44
All data are 15 minutes late during market session

News

19 December 2014 01:06 PM STC stock to gain from Mobily woes – report
The Saudi telecom sector has seen several fluctuations recently, as Saudi Telecom Co. (STC) cleaned its financial statements and escaped the crisis unscathed posting strong financial results, showed a report issued by AlJazira Capital.Meanwhile, …
Stock Evaluations
18 December 2014 09:56 AM Changes in major shareholders’ list for Dec. 17
The major shareholders’ list of some companies listed on Tadawul has witnessed some changes on Dec. 17, as follows:Photo Credit: Arabianeye-ReutersTable Photo Credit: Mubasher
Company News
9 December 2014 02:22 PM Tadawul sees 24 special trades worth SAR 139m
The Saudi bourse has witnessed today 24 special trades at a total value of SAR 139 million.Table Photo Credit: Mubasher News story Photo Credit: Arabianeye-Reuters …
Company News
8 December 2014 07:03 AM STC ratings unaffected by sovereign outlook revision
Standard & Poor's (S&P) said the ratings and outlook on Saudi Telecom Co.(STC) - A+/Positive/A-1 - are unaffected by outlook revision on Saudi Arabia, according to the agency's website.The agency considers STC to be a …
Ratings
5 December 2014 01:50 PM Saudi telecom sector ‘promising’ despite difficulties – analysts
By Mohamed Abu Meleeh:Saudi Arabia’s telecommunications sector is a key factor in the progress of the country’s economy and is seeing strong growth amid positive macroeconomic indicators.A number of telecom analysts surveyed by Mubasher …
Company News
20 November 2014 10:10 AM STC to pay SAR 1/shr dividend Nov. 20
Saudi Telecom Co. (STC) will pay on Nov. 20 cash dividend for Q3 2014 at 10% of the stock par value, or SAR 1 per share, totaling SAR 2 billion.Shareholders of record until the close of trading on Nov. 4 are eligible for this dividend.
Corporate Actions
11 November 2014 04:43 PM GCC telecom firms’ profits rise 8% in 9M – analysis
The value of the information and communications technology (ICT) in the Middle East is set to jump from projected $15 billion in 2014 to $20 billion in 2020, backed by huge regional investments, as well as more state …
Macroeconomics
4 November 2014 11:49 AM Record date for STC Q3 dividend at SAR 1/shr Nov. 4
Record date for Saudi Telecom Co.’s (STC) SAR 1 per share cash dividend for Q3 2014 is today, Tuesday, Nov. 4.The payment will start Nov. 20, 2014.
Corporate Actions
1 November 2014 02:00 PM Major events on Tadawul this week
Investors in Saudi Stock Exchange (Tadawul) are anticipating the following major events this week:
Company News
27 October 2014 03:51 PM STC board proposes SAR 1/shr dividend for Q3
The board of Saudi Telecom Co. (STC) recommended cash dividend for Q3 at 10% of the stock par value, or SAR 1 per share, totaling SAR 2000 million.Shareholders of record until the close of trading on Nov. 4, 2014 are eligible for this …
Company News
27 October 2014 03:25 PM Saudi’s STC reports 0.4% decline in Q3 profit
Saudi Telecom Co. (STC) posted SAR 3,372 million net earnings for Q3 2014, falling 0.41% year-on-year from SAR 3,386 million but rising 20.3% quarter-on-quarter from SAR 2,803 million. The nine-month net earnings jumped 34.6% to SAR 8,566 …
Corporate Actions
26 October 2014 10:45 AM STC likely to report Q3 financials Monday - sources
Saudi Telecom Co. (STC), the Gulf's biggest telecommunications operator by market value, is likely to release Q3 financial results on Monday, Oct. 27, well-informed sources told Mubasher.Nine think tanks expected the …
Company News
25 October 2014 09:38 AM STC owns 10% of Virgin Mobile
Karim Benkirane, chief executive of Virgin Mobile Saudi, said Saudi Telecom Co. (STC) owns 10% of his company according to a strategic partnership agreement between the two firms.Benkirane indicated that the partnership allows Virgin …
Corporate Actions
21 October 2014 10:13 AM Saudi telecom sector remains attractive on high dividends
In its 3Q14 update on the Kingdom’s telecom sector, NCB Capital, the GCC’s leading wealth manager and the Kingdom’s largest asset manager, believes the growing data segment and ongoing cost-cutting initiatives are the …
Company News
20 October 2014 02:49 PM CMA imposes SAR 80 THD fine on STC
Saudi Arabia’s Capital Market Authority (CMA) has imposed a penalty of SAR 80,000 on Saudi Telecom Co. (STC) on violating Paragraph A of Article 34 of the Listing Regulations and the instructions stated in the electronic disclosure …
Company News
19 October 2014 04:22 PM NCB to surpass 41 IPOs carried out in last six years - Analysis
Saud investors started on Sunday participation in the biggest initial public offering (IPO) locally and regionally.The National Commercial Bank (NCB), the Kingdom’s biggest bank by assets, launched today its public …
Corporate Actions
16 October 2014 01:26 PM 11 think tanks forecast Q3 profits of Saudi listed firms
Eleven research firms issued their forecasts for Q3 2014 earnings of Saudi listed telecom operators. These forecasts were positive quarter-on-quarter but negative year-on-year.The average forecasts of the sector’s earnings reached SAR …
Research
14 October 2014 02:04 PM STC, Ericsson boost partnership
Saudi Telecom Co. (STC) has extended its partnership with Ericsson to transform, expand and upgrade its network in Saudi Arabia on the second day at the GITEX, according to Arab News.This partnership is aimed at catering to the high …
Company News
14 October 2014 10:19 AM Saudi’s STC signs IT solution agreement with Al-Rajhi Bank
Saudi Telecom Co. (STC), a leading operator in Saudi Arabia, has signed a strategic agreement with Al-Rajhi Bank to offer information technology solutions to the lender.The solutions stated in this agreement include the Golden …
Corporate Actions
12 October 2014 04:07 PM Low single-digit profit growth likely for 51 Saudi firms – report
In a recent report, MubasherTrade Research has stated that Saudi Arabia’s aggregate earnings (based on 51 companies) to grow +6% year-on-year to SAR 25.5 billion in CQ3 2014, led by Financials (+16% y/y, 82% of growth) …
Company News
12 October 2014 01:40 PM STC aims to become leading ICT player in region
Solutions cover cloud computing, data centers, managed services, systems integration and M2MThe Saudi Telecom Company (STC) today announced the launch of “STC Advanced Solutions” at GITEX 2014 information and …
Company News
7 October 2014 03:30 PM NCB Capital reiterates ‘Overweight’ for STC, Mobily; ‘Neutral’ for Zain
NCB Capital said in a recent report on Saudi telecommunication companies that the growing data segment and the ongoing initiatives to cut costs are the mainstay for the sector in the short term.The report issuer expected the telecom …
Stock Evaluations
2 October 2014 00:48 PM Aljomaih Automotive to supply STC, Aramco with 3000 cars
Saudi Arabia-based Aljomaih Automotive, the largest GM dealer in the Middle East, has signed two operating lease contracts with Aramco and Saudi Telecom Co. (STC), to supply the two companies with more than 3000 Chevrolet and GMC …
Company News
29 September 2014 02:20 PM KSB Capital forecasts Q3 earnings of listed firms
KSB Capital has issued a report, in which it forecasted Q3-14 earning of some Tadawul-listed companies.
Research
29 September 2014 09:17 AM Albilad Capital expects Q3 earnings of some listed firms
Albilad Capital has stated in a report that the cumulative net income for Saudi banks, including the non-listed National Commercial bank, is expected at SAR 31,650 million at the end of September 2014, up 12.44% from last …
Company News