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. As the primary telecommunications and digital services provider in Saudi Arabia, STC operates as a conglomerate providing a range of ICT services, including fixed-line and mobile telephony, broadband internet, and cloud computing across the Middle East and parts of Europe. The group includes major subsidiaries such as solutions by stc, which offers IT services, stc pay for digital banking, and center3 for digital infrastructure, while also holding strategic international stakes in operators like Telefónica. Primarily owned by the Public Investment Fund (PIF) with a 64% stake, STC is involved in the Kingdom’s digital infrastructure development, including the rollout of 5G networks and the provision of neutral digital hosts for national "giga-projects" like Diriyah.
Saudi Telecom Company (STC) posted a first-quarter profit beat, with analysts like AlJazira noting that while operating expenses rose, the commercial unit's growth from increased mobile and fixed subscribers helped offset a drag from the Channels segment. AlJazira identified newer units, including Specialized Sirar and STC Bank, as growing contributors for future profits. Previously, on April 29, 2026, STC reported Q1 profits that exceeded analyst estimates, demonstrating operational resilience amid competitive market pressures. The company's preliminary financial results for the period ending March 31, 2026, revealed that net profit climbed to SAR 3.7 billion, a 12% increase. Revenues also grew by 3.8% year-over-year, reaching SAR 19.939 billion ($5.3 billion), and STC declared a 5.5% dividend.
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