Arabian Internet and Communications Services Co. (7202)

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News

21 April 11:57 AM Batic Investments inks 10-year deal with solutions

Riyadh – Mubasher: Smart Cities Solutions Company, a subsidiary of Batic Investments and Logistics Company penned an agreement with Arabian Internet and Telecommunication Services Company (solutions) on 20 April 2024. The joint deal covers the …

Companies Investments

16 April 12:41 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

10 March 09:49 AM stc, US-based nile announce JV to boost NaaS service at LEAP 2024

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions), a subsidiary of Saudi Telecom Company (stc), inked a term sheet agreement with US-based nile. The deal, penned on the slides of the third annual tech event …

Companies Investments

18 February 11:12 AM solutions logs 13.2% YoY higher profit in 2023; SAR 714m dividends proposed

Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) posted a 13.2% year-on-year (YoY) increase in net profit to SAR 1.19 billion in 2023 from SAR 1.05 billion. The company’s revenues surged by 25.38% YoY to SAR 11.04 …

Financial Results

1 February 11:21 AM solutions’ unit secures EGP 2.8bn financing deal led by ADIB Egypt

Riyadh – Mubasher: Giza Systems, a subsidiary of Arabian Internet and Telecommunication Services Company (solutions), obtained banking facilities valued at EGP 2.82 billion ($84 billion) on 31 January 2024. Giza Systems and its unit VAS secured …

Companies Investments

28 January 02:56 PM solutions pens SAR 120m deal with stc

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) inked a SAR 120 million agreement with Saudi Telecom Company (stc) on 25 January 2024. Under the 24-month deal, stc will offer bulk-SMS service and link it to …

Companies Investments

18 January 05:36 PM solutions renews, raises funding with SNB

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) has renewed and increased a Sharia-aligned banking facilities agreement with the Saudi National Bank (SNB). solutions obtained the funding on 18 January 2024 to be …

Banking and Finance

14 November 2023 09:38 AM solutions pens SAR 329m agreement with Aramco

Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) and Saudi Arabian Oil Company (Aramco) inked a contract valued at SAR 329 million on 13 November 2023. The deal covers the provision of supercomputer infrastructure …

Companies Investments

29 October 2023 00:36 PM solutions unveils growth in 9M-23 financials; profits up 20.5%

Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) generated SAR 1.03 billion in net profit after Zakat and tax during the first nine months (9M) of 2023. The recorded net profits were higher by 20.33% year-on-year …

Financial Results

16 October 2023 09:25 AM solutions to acquire stake in Devoteam for SAR 742m

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) inked a sale and purchase agreement (SPA) to acquire 40% equity in Devoteam Middle East (DME) at an enterprise value of SAR 741.70 million. The Tadawul-listed …

Companies Investments

30 July 2023 04:53 PM solutions records SAR 643m net profits in H1-23

Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) achieved net profits after Zakat and tax worth SAR 643 million in the first half (H1) of 2023, up 15.65% from SAR 556 million in H1-22. Revenues hiked by 24.26% …

Financial Results

18 June 2023 00:50 PM Saudi solutions eyes 40% ownership in MENA-focused Devoteam

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) penned a binding offer with France-based Devoteam SAS and ORTLL Investment Limited to acquire a 40% stake in Devoteam Middle East (DME). In a bourse filing, the …

Companies Investments

12 June 2023 11:23 AM solutions pens over SAR 444m deal with NCGR

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) inked a contract with National Center for Government Resources (NCGR ) at a value of SAR 444.13 million. The listed firm will execute unified operations managed …

Companies Investments

8 May 2023 11:11 AM solutions records 7.5% higher profits in Q1-23 interim financials

Riyadh – Mubasher: The net profits after Zakat and tax of Arabian Internet and Communication Services Company (solutions) rose by 7.42% to SAR 304 million in the first quarter (Q1) of 2023. The generated net profits were compared with SAR 283 …

Financial Results

16 February 2023 01:06 PM solutions’ profits cross SAR 1bn in 2022; dividends proposed

Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) reported 26.53% higher net profits after Zakat and tax at SAR 1.05 billion in 2022, versus SAR 833 million in 2021. Revenues stood at SAR 8.80 billion in the …

Board of Directors

17 January 2023 11:35 AM B Investments valuation of Giza Systems jumps to $128m

Cairo – Mubasher: B Investments Holding said that the total company valuation of Giza Systems has increased to $128 million from $119 million. This comes after reviewing Giza Systems' working capital and cash balances, according to a bourse filing …

Mergers and Acquisitions

12 January 2023 05:25 PM solutions inks deal with stc to acquire CCC for SAR 450m

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) penned an agreement with Saudi Telecom Company (stc) to acquire the latter’s 49% stake in Contact Center Company (CCC). Through the sale and purchase deal, …

Companies Investments

29 December 2022 02:02 PM Ericsson partners with solutions to reinforce network services in Saudi Arabia

Riyadh – Mubasher: Ericsson has teamed up with Arabian Internet and Telecommunication Services Company (solutions), a subsidiary of Saudi Telecom Company (stc), to foster the network performance in Saudi Arabia. The Nasdaq-listed firm is also …

Companies Investments

13 December 2022 02:39 PM solutions pens SAR 138m deal with stc

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) penned a SAR 138 million deal with Saudi Telecom Company (stc) on 8 December 2022. stc will provide solutions’ customers with normal and gold bulk-SMS service …

Companies Investments

4 December 2022 05:46 PM solutions pens SAR 373m deals with stc

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) and Saudi Telecom Company (stc) inked contracts at a combined value of SAR 372.92 million on 1 December 2022. Under the 36-month agreements, solutions will …

Companies Investments

27 October 2022 02:26 PM solutions logs SAR 856m profits in 9M-22 initial results

Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) posted net profits after Zakat and tax worth SAR 856 million in the first nine months (9M) of 2022, an annual growth of 19.22% from SAR 718 million. The firm …

Financial Results

4 October 2022 00:33 PM Saudi solutions takes over stakes in Giza Systems, Giza Arabia

Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) has completed all procedures required to conclude the acquisition of 88.19% of Giza Systems Company, and 34% of Giza Arabia, which represents the shares that are …

Mergers and Acquisitions

15 August 2022 09:39 AM solutions receives go-ahead to buy stakes in Egyptian firms

Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) has received a no-objection certificate from the Saudi General Authority for Competition (GAC) to acquire stakes in Egypt's Giza Systems Company and Giza Arabia, a …

Mergers and Acquisitions

1 August 2022 04:52 PM solution’s profits jump 20.6% in H1-22 interim financials

Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) reported a 20.61% year-on-year (YoY) growth in net profit after Zakat and tax to SAR 556 million during the first half (H1) of 2022, compared to SAR 461 million. …

Financial Results

6 July 2022 04:25 PM solutions inks SAR 298m contract with stc

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) has signed a SAR 298.08 million contract to establish and develop the internet and communications networks for Saudi Telecom Company (stc), the largest …

Companies Investments