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 8, 2026, STC and Huawei's newly deployed Full Duplex network was highlighted for improving wireless communication efficiency and reducing data transmission latency across Saudi Arabia, supporting ongoing digital transformation initiatives. This follows the successful deployment on July 7, when STC Group and Huawei launched Saudi Arabia’s first Full Duplex solution in Riyadh. This next-generation 5G transport technology is designed to boost network capacity, improve spectrum efficiency, and strengthen connectivity for critical infrastructure, marking a milestone in their long-standing partnership. Earlier, on July 4, STC Group’s independently managed fund, stc ventures, was noted for its role in fueling Saudi tech, having launched in 2011 and notably leading Careem’s seed round, which resulted in a landmark venture exit following Uber’s acquisition.
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