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.

2025 Revenue

Founded

1998

Headcount

18,318

Headquarters

Saudi Arabia

Primary Segment

Telecoms

Ownership

Publicly Owned

News Summary:

On September 4, 2026, STC Group expanded its role in energy technology by deploying private 5G satellite connectivity and computing infrastructure at remote energy sites, integrating connectivity, satellite edge data, and computing from oil and gas operations to production facilities. Earlier on the same day, STC Group concluded its fifth consecutive participation as a strategic partner at LEAP 2026. During the event, the company signed a series of strategic partnerships, including an AI partnership with HUMAIN and agreements with AWS, Ericsson, Huawei, AMD, and Astranis, covering AI, data centers, advanced 5G, cloud, and sectoral digital solutions. STC Group also launched 'colab,' its innovation and corporate venture-building arm, designed to strengthen its venture ecosystem and unlock new growth sources through innovation. The Group's CEO, Olayan Alwetaid, discussed Saudi Arabia's accelerating AI ambitions and STC Group's role in enabling this ecosystem on LEAP's Main Stage.
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