Saudi Telecom Company, also known as STC, is a publicly owned company headquartered in Saudi Arabia. Founded in 1998, with approximately 21,500 employees, the company reported $20.7B in revenue as of 2025. Functioning as the primary telecommunications and digital services provider in Saudi Arabia, the group provides a range of ICT services, including fixed-line and mobile telephony, broadband internet, and cloud computing across the Middle East and parts of Europe. Primarily owned by the Public Investment Fund (PIF) with a 64% stake, STC operates as a conglomerate with major subsidiaries such as solutions by stc (IT services), stc pay (digital banking), and center3 (digital infrastructure), while also holding strategic international stakes in operators like Telefónica. The company is centrally involved in Saudi Arabia’s digital infrastructure development, including the rollout of 5G networks and the provision of neutral digital hosts for major national "giga-projects" like Diriyah.
On July 30, 2026, stc Group CEO Olayan bin Mohammed Alwetaid affirmed the company's strong financial and operational performance for the first half of 2026, highlighting continued progress in executing strategic priorities and reflecting the resilience of its business model. This followed the group's announcement on July 29, 2026, of its interim financial results for the first half of the year, reporting revenue of SAR40.11 billion ($10.7 billion), a 3.8% increase from the comparable period last year. Net profit for the six-month period grew by 6.3%.
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