Saudi Telecom Co (7010)

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News

8 October 2025 03:00 AM STC Pay intends to expand regionally, double growth – CEO at FinTech Forward

By: Ahmed El-ShamsyMubasher: Metin Zavrak, CEO of STC Pay Bahrain, a unit of Saudi Telecom Company (stc), unveiled plans to expand the mobile wallet across the Middle East and the GCC region.In an exclusive interview with Mubasher on the sidelines of

Companies Investments

1 October 2025 03:00 AM Red Sea Global, stc boost Saudi tourism sector via SAR 1.2bn deal

Riyadh - Mubasher: Saudi Telecom Company (stc) penned an agreement with Red Sea Global (RSG) to invest more than SAR 1.20 billion in expanding digital infrastructure and services across RSG’s portfolio of resorts and communities.This strategic invest

Companies Investments

28 September 2025 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

1 September 2025 03:00 AM stc launches sccc by stc to bolster global cloud computing services

Riyadh – Mubasher: Saudi Telecom Company (stc) has launched "sccc by stc," the new identity of the Saudi Cloud Computing Company (sccc), which specializes in advanced cloud computing services and data processing using AI.This move aligns with stc's c

Companies Investments

21 August 2025 03:00 AM e&, GCC telcos units launch 1st regional Sustainability Hackathon

Mubasher: Emirates Telecommunications Group (e&) and the GCC’s leading telecom operators have launched the region’s first Sustainability Hackathon, according to a press release.The initiative aims to accelerate green technology adoption and reshape h

Global Economy

27 July 2025 03:00 AM stc posts SAR 7.4bn profits in H1-25; dividends for Q2 announced

Riyadh – Mubasher: Saudi Telecom Company (stc) registered net profits worth SAR 7.47 billion in the first half (H1) of 2025, up 13.38% from SAR 6.59 billion in H1-24.Revenues amounted to SAR 38.66 billion as of 30 June 2025, marking a 2.09% year-on-y

Sector Reports

1 July 2025 03:00 AM Ericsson launches new regional HQ in Riyadh

Riyadh – Mubasher: Ericsson has inaugurated its new regional headquarters (HQ) in Riyadh, supporting its operations across the Middle East and Africa (MEA) region, according to a press release.The event addressed the evolution of network technologies

Global Economy

29 June 2025 03:00 AM solutions pens over SAR 157.5m deal with stc for IT infrastructure project

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) and Saudi Telecom Company (stc) joined forces to build a private cloud as part of the IT infrastructure modernization and hyperscaler partnership project.The two part

Companies Investments

18 June 2025 03:00 AM Multi Business extends 3-year agreement with stc

Riyadh - Mubasher: Multi Business Group Company has renewed its framework contract with Saudi Telecom Company (stc) for an additional three years.The agreement covers the restoration and improvement of work environments and outlets, according to a bo

Companies Investments

28 April 2025 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 …

Financial Results

23 April 2025 00:50 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

6 March 2025 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

26 February 2025 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

16 February 2025 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

16 February 2025 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 …

Global Economy

16 February 2025 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. …

Companies Investments

13 February 2025 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 …

Global Economy