Arabian Internet and Communications Services Co. (7202)

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News

27 July 01:08 PM solutions’ profits up to SAR 807m in H1-25; revenues rise 2.5%

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) registered SAR 807 million in net profit during the first half (H1) of 2025, up 0.12% from SAR 806 million in H1-24. Revenues stood at SAR 5.72 billion in H1-25, …

Financial Results

21 July 08:57 AM SNB logs SAR 12.1bn profits in H1-25, inks financing deal with solutions

Riyadh – Mubasher: The Saudi National Bank (SNB) recorded net profits valued at SAR 12.15 billion in the first half (H1) of 2025, an annual rise of 18.39% from SAR 10.27 billion. Earnings per share (EPS) amounted to SAR 1.95 as of 30 June 2025, up …

Companies Investments

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

27 April 04:22 PM solutions reports higher profits at SAR 361m in Q1-25

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) achieved net profits amounting to SAR 361 million in the first quarter (Q1) of 2025. The recorded new profits were higher by 2.26% year-on-year (YoY) than SAR 353 …

Financial Results

23 April 12:50 PM solutions, stc sign SAR 142.5m contract

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) inked a SAR 142.40 million deal with Saudi Telecom Company (stc) on 21 April 2025, according to a bourse filing. The deal covers establishing and developing the …

Companies Investments

17 February 10:05 AM solutions’ net profits cross SAR 1.5bn in 2024; dividends announced

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) registered a 33.98% year-on-year (YoY) leap in net profit to SAR 1.59 billion during 2024, versus SAR 1.19 billion. The group’s revenues stood at SAR 12.06 billion …

Financial Results

10 February 09:51 AM stc launches upsource by solutions at LEAP 2025

Riyadh – Mubasher: Saudi Telecom Company (stc) has launched upsource by solutions, the new identity of the group’s Contact Center Company (CCC) specialised in business outsourcing, according to a press release. The launch, announced at the LEAP …

Global Economy

11 December 2024 02:33 PM solutions, stc ink joint agreement exceeding SAR 151m

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) and Saudi Telecom Company (stc) penned, on 10 December, a joint deal valued at SAR 151.17 million. The three-year agreement includes providing Red Hat licenses …

Companies Investments

26 November 2024 10:57 AM solutions’ unit obtains SAR 500m loan from Riyad Bank

Riyadh – Mubasher: Contact Center Company (CCC), a subsidiary of Arabian Internet and Communications Services Company (solutions), obtained SAR 500 million from Riyad Bank. The short-term financing is valid for one year from the signing date of 25 …

Banking and Finance

29 October 2024 00:44 PM solutions registers 25% higher net profits in 9M-24

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) SAR 1.27 billion in the first nine months (9M) of 2024, higher by 23.30% than SAR 1.03 billion in 9M-23. The revenues amounted to SAR 8.33 billion as of 30 …

Financial Results

16 October 2024 00:23 PM solutions, stc sign agreement at nearly SAR 310m

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) inked a deal to establish and develop the internet and communications networks for Saudi Telecom Company (stc). The two companies signed the 24-month agreement at …

Companies Investments

22 July 2024 05:04 PM solutions achieves 25% growth in H1-24 net profit

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) has registered net profits worth SAR 806 million in the first half (H1) of 2024. The results signalled a 25.34% annual increase from SAR 643 million in H1-23, …

Financial Results

6 May 2024 08:37 AM solutions generates higher profits at SAR 353m in Q1-24

Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) recorded an annual rise of 16.11% in net profit to SAR 353 million during the first quarter (Q1) of 2024, versus SAR 304 million. Revenues increased by 4.97% to SAR …

Financial Results

21 April 2024 11:57 AM Batic Investments inks 10-year deal with solutions

Riyadh – Mubasher: Smart Cities Solutions Company, a subsidiary of Batic Investments and Logistics Company penned an agreement with Arabian Internet and Telecommunication Services Company (solutions) on 20 April 2024. The joint deal covers the …

Companies Investments

16 April 2024 00:41 PM solutions pens SAR 140m deal with stc

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) and Saudi Telecom Company (stc) penned an agreement valued at SAR 139.95 million. The deal covers the renewal of VMware licenses and providing maintenance and …

Companies Investments

10 March 2024 09:49 AM stc, US-based nile announce JV to boost NaaS service at LEAP 2024

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions), a subsidiary of Saudi Telecom Company (stc), inked a term sheet agreement with US-based nile. The deal, penned on the slides of the third annual tech event …

Event

18 February 2024 11:12 AM solutions logs 13.2% YoY higher profit in 2023; SAR 714m dividends proposed

Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) posted a 13.2% year-on-year (YoY) increase in net profit to SAR 1.19 billion in 2023 from SAR 1.05 billion. The company’s revenues surged by 25.38% YoY to SAR 11.04 …

Cash Dividends

1 February 2024 11:21 AM solutions’ unit secures EGP 2.8bn financing deal led by ADIB Egypt

Riyadh – Mubasher: Giza Systems, a subsidiary of Arabian Internet and Telecommunication Services Company (solutions), obtained banking facilities valued at EGP 2.82 billion ($84 billion) on 31 January 2024. Giza Systems and its unit VAS secured …

Banking and Finance

28 January 2024 02:56 PM solutions pens SAR 120m deal with stc

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) inked a SAR 120 million agreement with Saudi Telecom Company (stc) on 25 January 2024. Under the 24-month deal, stc will offer bulk-SMS service and link it to …

Companies Investments

18 January 2024 05:36 PM solutions renews, raises funding with SNB

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) has renewed and increased a Sharia-aligned banking facilities agreement with the Saudi National Bank (SNB). solutions obtained the funding on 18 January 2024 to be …

Banking and Finance

14 November 2023 09:38 AM solutions pens SAR 329m agreement with Aramco

Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) and Saudi Arabian Oil Company (Aramco) inked a contract valued at SAR 329 million on 13 November 2023. The deal covers the provision of supercomputer infrastructure …

Companies Investments

29 October 2023 00:36 PM solutions unveils growth in 9M-23 financials; profits up 20.5%

Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) generated SAR 1.03 billion in net profit after Zakat and tax during the first nine months (9M) of 2023. The recorded net profits were higher by 20.33% year-on-year …

Financial Results

16 October 2023 09:25 AM solutions to acquire stake in Devoteam for SAR 742m

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) inked a sale and purchase agreement (SPA) to acquire 40% equity in Devoteam Middle East (DME) at an enterprise value of SAR 741.70 million. The Tadawul-listed …

Companies Investments

30 July 2023 04:53 PM solutions records SAR 643m net profits in H1-23

Riyadh – Mubasher: Arabian Internet and Communication Services Company (solutions) achieved net profits after Zakat and tax worth SAR 643 million in the first half (H1) of 2023, up 15.65% from SAR 556 million in H1-22. Revenues hiked by 24.26% …

Financial Results

18 June 2023 00:50 PM Saudi solutions eyes 40% ownership in MENA-focused Devoteam

Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) penned a binding offer with France-based Devoteam SAS and ORTLL Investment Limited to acquire a 40% stake in Devoteam Middle East (DME). In a bourse filing, the …

Global Economy