Riyadh – Mubasher: Saudi Telecom Company (STC) is considering an initial public offering (IPO) in the Saudi Stock Exchange (Tadawul) for its fully- owned subsidiary, Arabian Internet and Communications Services Company (Solutions by STC).

STC is currently conducting a detailed feasibility study to cover all organisational, financial, and technical aspects to determine the possibility of the IPO, and is evaluating the extent to which this offering would support the company's strategy, according to a bourse disclosure on Tuesday.

The IPO decision shall be subject to completing necessary regulatory procedures and obtaining approvals from relevant authorities.

Solutions by STC provides core ICT services, IT managed services, and digital services.