Company profile
Telecommunications and Information Technology · Riyadh, Saudi Arabia · stc.com.sa
Saudi Telecom Company (stc) is a leading telecommunications and information technology provider in Saudi Arabia, offering a range of services including fixed and mobile networks, IT solutions, digital payments. The company is focused on expanding its digital infrastructure and international presence.
To enhance connectivity and support digital transformation.
stc has deployed over 10,800 5G sites and 3.75 million fiber-to-the-home connections.
STC reduces dividend payout due to lack of extraordinary items
To diversify revenue streams and strengthen market position.
stc acquired a 9.97% stake in Telefónica, becoming its third-largest shareholder.
Saudi telecom group STC becomes Telefónica's third-largest shareholder after acquiring 9.97% stake
To drive innovation and improve customer experience.
stc offers integrated communication and IT solutions, including cloud services and IoT.
To ensure sustainable growth and shareholder value.
stc reported a 12% increase in net profit for Q1 2026, reaching SAR 3.696 billion.
STC reports 12% profit increase and strengthens position as key investor in Telefónica
stc is enhancing its digital infrastructure and expanding its service offerings to support digital transformation.
stc is investing in cloud services, AI applications, data analytics to drive innovation.
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Evidence confidence 90/100. Generated 2026-07-08 from public sources.