Arabian Internet and Communications Services Co. (7202)

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News

28 September 03:00 AM 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 communi

Companies Investments

17 September 03:00 AM solutions, Aramco team up for digital computing infrastructure project

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) inked a framework agreement with Saudi Arabian Oil Company (Aramco) for a digital computing infrastructure project.The deal covers the supplying, installing, and main

Companies Investments

27 July 03:00 AM solutions’ profits up to SAR 807m in H1-25; revenues rise 2.5%

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) registered SAR 807 million in net profit during the first half (H1) of 2025, up 0.12% from SAR 806 million in H1-24.Revenues stood at SAR 5.72 billion in H1-25, highe

Sector Reports

21 July 03:00 AM SNB logs SAR 12.1bn profits in H1-25, inks financing deal with solutions

Riyadh – Mubasher: The Saudi National Bank (SNB) recorded net profits valued at SAR 12.15 billion in the first half (H1) of 2025, an annual rise of 18.39% from SAR 10.27 billion.Earnings per share (EPS) amounted to SAR 1.95 as of 30 June 2025, up fro

Delistings

29 June 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

27 April 04:22 PM solutions reports higher profits at SAR 361m in Q1-25

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) achieved net profits amounting to SAR 361 million in the first quarter (Q1) of 2025. The recorded new profits were higher by 2.26% year-on-year (YoY) than SAR 353 …

Financial Results

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

17 February 10:05 AM solutions’ net profits cross SAR 1.5bn in 2024; dividends announced

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) registered a 33.98% year-on-year (YoY) leap in net profit to SAR 1.59 billion during 2024, versus SAR 1.19 billion. The group’s revenues stood at SAR 12.06 billion …

Board of Directors

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 …

Companies Investments

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

26 November 2024 10:57 AM solutions’ unit obtains SAR 500m loan from Riyad Bank

Riyadh – Mubasher: Contact Center Company (CCC), a subsidiary of Arabian Internet and Communications Services Company (solutions), obtained SAR 500 million from Riyad Bank. The short-term financing is valid for one year from the signing date of 25 …

Banking and Finance

29 October 2024 00:44 PM solutions registers 25% higher net profits in 9M-24

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) SAR 1.27 billion in the first nine months (9M) of 2024, higher by 23.30% than SAR 1.03 billion in 9M-23. The revenues amounted to SAR 8.33 billion as of 30 …

Financial Results

16 October 2024 00:23 PM solutions, stc sign agreement at nearly SAR 310m

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) inked a deal to establish and develop the internet and communications networks for Saudi Telecom Company (stc). The two companies signed the 24-month agreement at …

Companies Investments

22 July 2024 05:04 PM solutions achieves 25% growth in H1-24 net profit

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) has registered net profits worth SAR 806 million in the first half (H1) of 2024. The results signalled a 25.34% annual increase from SAR 643 million in H1-23, …

Financial Results

6 May 2024 08:37 AM solutions generates higher profits at SAR 353m in Q1-24

Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) recorded an annual rise of 16.11% in net profit to SAR 353 million during the first quarter (Q1) of 2024, versus SAR 304 million. Revenues increased by 4.97% to SAR …

Financial Results

21 April 2024 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 2024 00:41 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 2024 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 …

Global Economy

18 February 2024 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 …

Cash Dividends

1 February 2024 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 …

Banking and Finance