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26 December 05:05 AM

Sector News

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3 December 06:51 PM IBM, stc join forces to drive quantum-safe cybersecurity for Saudi telecom sector
Riyadh - Mubasher: IBM and Saudi Telecom Company (stc) expanded their collaboration to enhance quantum-safe cybersecurity solutions across Saudi Arabia’s telecommunications sector, reinforcing the Kingdom’s readiness for the post-quantum era and …
Management Decisions
Photo Archive
27 November 04:27 PM GO rebrands as Etihad GO Telecom
Riyadh - Mubasher: Etihad Atheeb Telecommunication Company (GO) changed its commercial name to Etihad GO Telecom Company as part of its strategic transformation to strengthen its position in the telecommunications and technology sectors. This new …
Corporate Actions
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20 November 07:03 AM Channels by stc, ABANA bower telecom services at Seamless KSA 2025
Riyadh – Mubasher: Channels by Saudi Telecom Company (stc) and ABANA signed an agreement to provide installation services across various telecommunications and information technology fields. The two companies aim to deliver management and …
Global Economy
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20 November 06:51 AM Channels by stc, RAMA Technologies to reinforce AI-driven ecosystem
Riyadh – Mubasher: Channels by Saudi Telecom Company (stc) and RAMA Technologies, specialized in AI and data analytics solutions, signed a cooperation agreement at the Seamless Saudi Arabia 2025 forum. The two parties will bolster the smart …
Global Economy
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20 November 06:41 AM Channels by stc empowers business sector via partnership with Samsung at Seamless KSA
Riyadh – Mubasher: Channels by Saudi Telecom Company (stc) penned a strategic agreement with Samsung Saudi Arabia to launch the latest display solutions tailored for the Saudi business sector. This includes the world’s largest B2B LCD screen, in …
Global Economy
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20 November 06:30 AM ONFTECH, STC Bank partner at Seamless KSA 2025 to promote digital transformation
Riyadh – Mubasher: ONFTECH, an esteemed international software development company specializing in fintech solutions, signed a memorandum of understanding (MoU) with STC Bank during Seamless Saudi Arabia 2025. The agreement will enable the two …
Companies Investments
stc at TOURISE 2025
13 November 04:59 PM stc unveils digital solutions for tourism at global event TOURISE 2025
Riyadh – Mubasher: Saudi Telecom Company (stc) has showcased a suite of digital solutions for the tourism sector as the official sponsor of TOURISE 2025, which took place on 11-13 November, according to a press release. The inaugural edition of …
Companies Investments
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3 November 06:27 PM stc’s net profits exceed SAR 11.5bn in 9M-25; dividends for Q3 unveiled
Riyadh - Mubasher: Saudi Telecom Company (stc) achieved net profits totaling SAR 11.57 billion in the first nine months (9M) of 2025, higher by 3.08% than SAR 11.23 billion in 9M-24. Earnings per share (EPS) rose to SAR 2.32 in the …
Financial Results
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26 October 10:40 AM Zain KSA logs SAR 373m profits in M-25; revenues soar 5.5%
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) generated net profits worth SAR 373 million in the first nine months (9M) of 2025, an annual jump of 15.83% from SAR 322 million. The revenues climbed by 5.52% to SAR 8.09 …
Financial Results
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22 October 11:29 AM Mobily logs 18% growth in 9M-25 net profits; sales exceed SAR 14.4bn
Riyadh - Mubasher: The net profits of Etihad Etisalat Company (Mobily) reached SAR 2.51 billion in the first nine months (9M) of 2025, higher by 18.14% than SAR 2.12 billion in 9M-24. The sales amounted to SAR 14.45 billion during the …
Financial Results
Metin Zavrak, CEO of STC Pay Bahrain,
8 October 01:28 PM STC Pay intends to expand regionally, double growth – CEO at FinTech Forward
By: Ahmed El-Shamsy Mubasher: Metin Zavrak, CEO of STC Pay Bahrain, a unit of Saudi Telecom Company (stc), unveiled plans to expand the mobile wallet across the Middle East and the GCC region. In an exclusive interview with Mubasher on the …
Global Economy
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1 October 09:38 AM Red Sea Global, stc boost Saudi tourism sector via SAR 1.2bn deal
Riyadh - Mubasher: Saudi Telecom Company (stc) penned an agreement with Red Sea Global (RSG) to invest more than SAR 1.20 billion in expanding digital infrastructure and services across RSG’s portfolio of resorts and communities. This strategic …
Companies Investments
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28 September 05:58 PM solutions inks SAR 313.5m agreement with stc
Riyadh - Mubasher: Arabian Internet and Communications Services Company (solutions) has signed a SAR 313.39 million contract with Saudi Telecom Company (stc) on 25 September 2025. The 36-month deal aims to expand and develop stc’s internet and …
Companies Investments
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16 September 08:36 AM Zain KSA obtains SAR 5.5bn Mrabaha facility from 5 banks
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) secured a Murabaha facility agreement amounting to SAR 5.50 billion from a consortium of five lenders. The telecom group obtained the loan from Al Rajhi Bank, Arab …
Banking and Finance
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1 September 07:44 AM stc launches sccc by stc to bolster global cloud computing services
Riyadh – Mubasher: Saudi Telecom Company (stc) has launched "sccc by stc," the new identity of the Saudi Cloud Computing Company (sccc), which specializes in advanced cloud computing services and data processing using AI. This move aligns with …
Global Economy
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21 August 06:03 PM e&, GCC telcos units launch 1st regional Sustainability Hackathon
Mubasher: Emirates Telecommunications Group (e&) and the GCC’s leading telecom operators have launched the region’s first Sustainability Hackathon, according to a press release. The initiative aims to accelerate green technology adoption and …
Event
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27 July 07:04 PM stc posts SAR 7.4bn profits in H1-25; dividends for Q2 announced
Riyadh – Mubasher: Saudi Telecom Company (stc) registered net profits worth SAR 7.47 billion in the first half (H1) of 2025, up 13.38% from SAR 6.59 billion in H1-24. Revenues amounted to SAR 38.66 billion as of 30 June 2025, marking a 2.09% …
Financial Results
Photo Archive
27 July 04:42 PM Zain KSA sees 28% higher profits in H1-25; revenues hit SAR 5.3bn
Riyadh – Mubasher: The net profits of Mobile Telecommunication Company Saudi Arabia (Zain KSA) hit SAR 220 million in the first half (H1) of 2025, an annual leap of 27.90% from SAR 172 million. The Saudi group generated revenues amounting to SAR …
Financial Results
Photo Archive
22 July 05:23 PM Mobily generates nearly SAR 1.6bn net income in H1-25, unveils dividends
Riyadh – Mubasher: Etihad Etisalat Company (Mobily) achieved net profits worth SAR 1.59 billion in the first half (H1) of 2025. The net income marked a 22.94% growth from SAR 1.29 billion in H1-24, according to the income statements. The earnings …
Cash Dividends
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1 July 02:04 PM Ericsson launches new regional HQ in Riyadh
Riyadh – Mubasher: Ericsson has inaugurated its new regional headquarters (HQ) in Riyadh, supporting its operations across the Middle East and Africa (MEA) region, according to a press release. The event addressed the evolution of network …
Global Economy
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30 June 04:36 PM Zain KSA, Horizon Food name new CEOs
Riyadh - Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) appointed Saad bin Abdulrahman Al Sadhan as its CEO as of 1 July 2025, according to a bourse filing. The appointment follows a board resolution issued on 29 June, which …
Board of Directors
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29 June 05:03 PM solutions pens over SAR 157.5m deal with stc for IT infrastructure project
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) and Saudi Telecom Company (stc) joined forces to build a private cloud as part of the IT infrastructure modernization and hyperscaler partnership project. The two …
Companies Investments
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18 June 05:54 PM Multi Business extends 3-year agreement with stc
Riyadh - Mubasher: Multi Business Group Company has renewed its framework contract with Saudi Telecom Company (stc) for an additional three years. The agreement covers the restoration and improvement of work environments and outlets, according to …
Companies Investments
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7 May 09:59 AM Zain KSA’s net profits hike 39% in Q1-25
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) registered a 38.80% year-on-year (YoY) leap in net profit to SAR 93 million during the first quarter (Q1) of 2025. The generated net profits were compared with SAR 67 …
Financial Results
Photo Archive
28 April 09:03 AM stc posts 11% higher profits in Q1-25; dividends unveiled
Riyadh – Mubasher: Saudi Telecom Company (stc) recorded net profits valued at SAR 3.64 billion in the first quarter (Q1) of 2025, marking a growth of 11.04% from SAR 3.28 billion in Q1-24. The revenues increased by 1.59% year-on-year (YoY) to SAR …
Cash Dividends