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03 December 09:44 AM

Sector News

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28 September 05:58 PM solutions inks SAR 313.5m agreement with stc
Riyadh - Mubasher: Arabian Internet and Communications Services Company (solutions) has signed a SAR 313.39 million contract with Saudi Telecom Company (stc) on 25 September 2025. The 36-month deal aims to expand and develop stc’s internet and …
Companies Investments
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28 April 09:03 AM stc posts 11% higher profits in Q1-25; dividends unveiled
Riyadh – Mubasher: Saudi Telecom Company (stc) recorded net profits valued at SAR 3.64 billion in the first quarter (Q1) of 2025, marking a growth of 11.04% from SAR 3.28 billion in Q1-24. The revenues increased by 1.59% year-on-year (YoY) to SAR …
Cash Dividends
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23 April 01:30 PM Mobily logs SAR 767m profits in Q1-25
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) generated SAR 767 million in net profit during the first quarter (Q1) of 2025, up 20.21% year-on-year (YoY) from SAR 638 million. The company’s revenues increased by 5.10% to SAR 4.77 billion in …
Financial Results
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23 April 12:50 PM solutions, stc sign SAR 142.5m contract
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) inked a SAR 142.40 million deal with Saudi Telecom Company (stc) on 21 April 2025, according to a bourse filing. The deal covers establishing and developing the …
Companies Investments
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6 March 03:58 PM Saudi sccc by stc partners with US-based Confluent to drive digital transformation
Riyadh – Mubasher: Sccc, a subsidiary of Saudi Telecom Company (stc), has joined the Confluent OEM Program as a managed service provider (MSP) to make data streaming more accessible in Saudi Arabia. The new partnership aligns with Saudi Vision …
Companies Investments
Photo Archive
26 February 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 …
Financial Results
Photo Archive
19 February 02:37 PM Mobily’s profits leap 39% in 2024; dividends for H2-24 proposed
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) posted 39.20% higher net profits at SAR 3.10 billion in 2024, compared to SAR 2.23 billion a year earlier, according to the financial results. Revenues hiked by 8.61% to SAR 18.20 billion last …
Cash Dividends
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19 February 10:57 AM Zain KSA posts highest revenues in history at SAR 10.3bn in 2024
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) posted 52.96% year-on-year (YoY) lower net profits at SAR 596 million in 2024, compared to SAR 1.26 billion. Zain KSA achieved the highest revenues in its history at SAR …
Financial Results
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16 February 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 …
Companies Investments
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16 February 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
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16 February 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. …
Event
SAL's Al Sheikh and stc's VP of Enterprise Accounts, Abdulaziz Al Haydar,
13 February 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
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13 February 06:31 PM Mobily unveils over SAR 3.4bn investment during LEAP 2025 to support Saudi digital infrastructure
Riyadh – Mubasher: Technology, media, and telecommunications (TMT) company Etihad Etisalat Company (Mobily), recently announced an investment of $905 million, equivalent to more than SAR 3.40 billion, in data centres and submarine cables. The …
Companies Investments
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11 February 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
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11 February 07:15 PM LEAP 2025 continues groundbreaking deals with over $7.5bn in tech, AI investments
Riyadh – Mubasher: The global tech event LEAP 2025 witnessed a series of groundbreaking investments exceeding $7.50 billion in data centers, submarine, and fiber-optic cable networks. These investments are focused on enhancing digital …
Companies Investments
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11 February 09:41 AM Ericsson, Mobily pen agreement at LEAP 2025 to drive digital ecosystem
Riyadh – Mubasher: Ericsson and Etihad Etisalat Company (Mobily) signed a memorandum of understanding (MoU) at the LEAP 2025 event to explore intent-driven autonomous networks. The two companies will review the development of advanced network …
Global Economy
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10 February 10:24 AM Mobily, Vodafone Business IoT pen partnership agreement at LEAP 2025
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) signed a cooperation agreement with Vodafone Business IoT, a subsidiary of the global Vodafone Group, during the LEAP 2025 conference. The joint deal aims to provide high-quality Internet of …
Event
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10 February 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 …
Global Economy
Saudi Telecom Company
9 February 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 …
Global Economy
Photo Archive
28 January 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
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12 December 2024 05:50 PM GO to acquire 51% stake in EjadTech
Riyadh - Mubasher: Etihad Atheeb Telecommunication Company (GO) signed a binding memorandum of understanding (MoU) to acquire a 51% share of the capital in EjadTech. Go inked the acquisition deal on 11 December 2024 with a total value of SAR 86.70 …
Companies Investments
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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
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1 December 2024 11:47 AM Mobily unveils key appointments
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) announced Abdulkarim Ibrahim Al Nafie as the board’s Chairman for the next three years. The board also named Nabeel Mohamed Al Amudi as Vice Chairman, according to a bourse filing. The two …
Management Decisions
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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
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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 …
Financial Results