Saudi Telecom Co - Company Profile
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Saudi Telecom Co (STC) is an integrated telecommunications services provider. The company engages in telecommunications, information, media services, and digital payments. It offers products and services such as mobile and fixed connectivity, cloud computing, Internet of Things (IoT), and digital entertainment. STC’s managed services include managed local area network and router services, security services, cyber-security services, smart building solution services. The company serves both the corporate and consumer markets including residential, business and government customers. It operates through a network of subsidiaries and partners across the Middle East, North Africa, and Europe. STC is headquartered in Riyadh, Saudi Arabia.
Headquarters
Saudi Arabia
Address
Riyadh, Almursalat District, 11652
Website
www.stc.com.sa
Telephone
800 1 161100
No of Employees
19,863
Industry
Technology and Communications
Ticker Symbol & Exchange
7010 (SAU)
Revenue (2024)
$20.8B
2.5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-39.9%
(2024 vs 2023)
Market Cap*
$57.9B
Net Profit Margin (2024)
XYZ
-41.4%
(2024 vs 2023)
* As of and is in US$
Saudi Telecom Co premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Data Center and Cloud services | STC TV |
| Managed Services | STC |
| Real-Estate Services | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In December, the company and IBM entered into a partnership to enhance quantum-safe solutions for the telecommunications sector in Saudi Arabia. |
| 2025 | Contracts/Agreements | In September, the company and CloudSky entered into a partnership to advance digital services powered by 5G. |
| 2025 | Corporate Changes/Expansions | In July, the company introduced its latest wireless communications system. |
Competitor Comparison
| Key Parameters | Saudi Telecom Co | Mobile Telecommunications Co KSCP | Etihad Etisalat Co | Beyon BSC | Etihad GO Telecom Co |
|---|---|---|---|---|---|
| Headquarters | Saudi Arabia | Kuwait | Saudi Arabia | Bahrain | Saudi Arabia |
| City | Riyadh | Safat | Riyadh | Hamala | Riyadh |
| State/Province | Riyadh | - | Riyadh | - | Riyadh |
| No. of Employees | 19,863 | 8,500 | - | 2,736 | 902 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Olayan M. Alwetaid | Chief Executive Officer | Senior Management | 2021 | - |
| Ameen Fahad Alshiddi | Chief Financial Officer | Senior Management | 2016 | - |
| Abdullah Abdulrahman Alkanhl | Chief Strategy Officer | Senior Management | - | - |
| Motaz Alangari | Chief Investment Officer | Senior Management | - | - |
| Mohamed Abdullah Alabbadi | Chief Carrier & Wholesale Officer | Senior Management | 2020 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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