Saudi Telecom Co - Company Profile
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Saudi Telecom Co (STC) is an integrated telecommunications services provider. The company’s main activities include establishing, managing, and maintaining fixed and mobile telecommunication networks, systems, and infrastructure. 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 has a presence 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
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*
$56.4B
Net Profit Margin (2024)
XYZ
-41.4%
(2024 vs 2023)
* As of and is in US$
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 |
|---|---|---|
| 2026 | New Products/Services | In May, the company Launched Pulse by Solutions brand, to Strengthen its Integrated Digital Ecosystem. |
| 2026 | Contracts/Agreements | In February, stc signed a memorandum of understanding with Ericsson to promote the development of advanced mission critical communication capabilities |
| 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. |
Competitor Comparison
| Key Parameters | Saudi Telecom Co | Mobile Telecommunications Co KSCP | Etihad Etisalat Co | Mobile Telecommunications Company Saudi Arabia | Beyon BSC |
|---|---|---|---|---|---|
| Headquarters | Saudi Arabia | Kuwait | Saudi Arabia | Saudi Arabia | Bahrain |
| City | Riyadh | Safat | Riyadh | Riyadh | Hamala |
| State/Province | Riyadh | - | Riyadh | - | - |
| No. of Employees | - | 9,000 | - | 453 | 2,736 |
| 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 | - | - |
| Faisal AlSaber | Chief Commercial Officer | Senior Management | 2021 | - |
| 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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