STC

STC is a Saudi Arabia-based telecommunication company that provides broadband and internet services for residential and commercial sectors. Read more

Olayan M. Alwetaid's photo - CEO of STC

CEO

Olayan M. Alwetaid

CEO Approval Rating

84/100

Founded:

1998

Status:

PublicIndependent CompanyTADAWUL7010

STC TOP COMPETITORS OR ALTERNATIVES

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Ooredoo has been one of STC's top competitors. Ooredoo is a Public company that was founded in 1987 in Doha, Ad Dawhah Municipality. Like STC, Ooredoo also competes in the Telecommunication Services sector. Compared to STC, Ooredoo has 3,040 fewer employees.

Zain is seen as one of STC's biggest rivals. Zain is a Public company that was founded in Safat, Al Asimah Governorate in 1983. Like STC, Zain also operates in the Telecommunication Services sector. Zain has 11,500 fewer employees vs. STC.

Du is perceived as one of STC's biggest rivals. Du was founded in Dubai Media City, Dubai Emirate} in 2006. Like STC, Du also competes in the Telecommunication Services space. Compared to STC, Du generates $13.2B less revenue.

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STC Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$16.2B

STC's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 10.7B. Over the last four quarters, STC's revenue has grown by 5.3%. Specifically, in Q1 2021's revenue was $4.2B; in Q4 2020, it was $4.1B; in Q3 2020, it was $4B; in Q2 2020, STC's revenue was $4B.

STC Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION

-

Vodafone Egypt

Jan 2020

Source »
$2.4B
-

-

Atheeb Telecommunication Co

Jan 2017

Source »
$61M
-

These are all the companies that STC has acquired. STC has acquired 2 companies and its latest acquisition was Vodafone Egypt in Jan 2020.

STC Funding History

No recent funding data found related to STC

STC Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

STC Pay is a financial technology company that provides credit card and online payment processing solutions for merchants.
$26M
May 31, 2017
Equity
-
Careem is a ride-hailing application that enables users to book rides in the Middle East and North Africa.
$350M
Dec 18, 2016
Series D
Mar 01, 2019

These are all the companies that STC has invested in. STC has invested 2 companies and its latest investment was Vodafone Egypt in Jan 2020.

STC News

April 22, 2021Telecompaper

STC revenue grows almost 13% in Q1

(Telecompaper) Saudi operator STC said its revenues increased by 12.6 percent year-on-year in the fir... See more »
April 22, 2021MarketScreener

Stc's Net income for Q1 of 2021 compared to the corresponding quarter last year increased by 1.34%

(marketscreener.com) Apr 22, 2021 stc's Net income for Q1 of 2021 compared to the corresponding quart... See more »
April 19, 2021Telecompaper

STC donates SAR 10 mln to Ehsan charity platform

(Telecompaper) Saudi operator STC has donated SAR 10 million to charity platform Ehsan. The donation ... See more »
April 19, 2021Yuga Tech

Globe 5G-roaming now available in Vietnam and Saudi Arabia

Globe has announced that 5G roaming is now available in Vietnam and Saudi Arabia. Globe was able to s... See more »
April 15, 2021Telecompaper

STC signs deal with Saudi electronic and intellectual sports federation, launches STCPlay

(Telecompaper) Saudi operator STC has signed a memorandum of understanding with the Saudi Arabian Fed... See more »
April 15, 2021MarketScreener

Stc Is a Digital Enabler and a Strategic Partner for the SAFEIS

(marketscreener.com) Apr 14, 2021 stc Is a Digital Enabler and a Strategic Partner for the SAFEIS stc... See more »
April 11, 2021MarketScreener

Stc Named Most Influential Brand in KSA

(marketscreener.com) Apr 11, 2021 stc Named Most Influential Brand in KSA stc was named the most infl... See more »

STC Press Releases

March 18, 2020Business Wire

Saudi Telecom Regulator Extends Deadline of MVNO Licenses Competition

RIYADH, Saudi Arabia--(BUSINESS WIRE)--Saudi Telecom Regulator Extends Deadline of MVNO Licenses Comp... See more »
November 19, 2019ePRNews

Dictum Health, Saudi Telecom Company, and DAL Digital Form Strategic Partnership to Provide Virtual Healthcare Services Throughout the Kingdom of Saudi Arabia

Dictum Health Inc. - innovators in telehealth's Virtual Exam Room (VER) technology that brings the en... See more »
December 18, 2018Realwire

Internet Exchange Operators LINX and STC Establish Strategic Partnership

London Internet Exchange (LINX) and Saudi Telecom Company (STC), on December 7th 2018 marked the star... See more »
June 7, 2018TotalUAE

Saudi mobile operatator changes network name to KSA UAE TOGETHER

Manama: Saudi Arabia's mobile operator Saudi Telecom Company (STC) today switched its network name to... See more »
November 23, 2017Business Wire India

The Brightline Initiative Announces the Addition of Saudi Telecom Company - STC

Business Wire IndiaThe Brightline Initiative announced that Saudi Telecom Company (STC) is joining th... See more »
October 9, 2017Dubai PR Network

STC & Commvault discuss the nuances of backup-as-a-service in hybrid, public & private clouds

Dubai, UAE, October 9, 2017: Last year saw STC and Commvault announce a memorandum of understanding t... See more »
August 10, 2017BriefingWire

Saudi Arabia-Mobile Network Upgrades Fiber Expansion and Digital Transformation

ReportsWeb.com published "Mobile Network Upgrades Fiber Expansion and Digital Transformation Market" ... See more »

STC Videos

March 18, 2021Saudi Telecom Company Youtube Channel

"stc - SOC " on YOUTUBE

March 15, 2021Saudi Telecom Company Youtube Channel

"stc - SD Edge " on YOUTUBE

March 2, 2021Saudi Telecom Company Youtube Channel

"stc " on YOUTUBE

February 17, 2021Saudi Telecom Company Youtube Channel

"stc - Samsung Galaxy S21 Series 5G " on YOUTUBE

February 7, 2021Saudi Telecom Company Youtube Channel

"stc - NOC " on YOUTUBE

January 30, 2021Saudi Telecom Company Youtube Channel

"stc - SIP " on YOUTUBE

January 25, 2021Saudi Telecom Company Youtube Channel

"IPVPN - stc" on YOUTUBE

Social Media

STC Headquarters

King Abdul Aziz Complex Mursalat

Riyadh, Riyadh87912

966-114-55-5555

Driving Directions »

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STC Summary

ABOUT

Overview

STC is a Saudi Arabia-based telecommunication company that provides broadband and internet services for residential and commercial sectors. STC was founded in 1998. STC's headquarters is located in Riyadh, Riyadh, SA 87912. STC's latest acquisitions i...

CEO

STC's CEO, Olayan M. Alwetaid, currently has an approval rating of 84%. STC's primary competitors are Ooredoo, Zain & Du.

Website

stc.com.sa

Frequently Asked Questions about STC

  1. When was STC founded?

    STC was founded in 1998
  2. Who is STC's CEO?

    STC's CEO is Olayan M. Alwetaid
  3. How much revenue does STC generate?

    STC generates $16.2B in revenue
  4. How much funding does STC have?

    STC has historically raised $0 in funding
  5. Where is STC's headquarters?

    STC's headquarters is in Riyadh Riyadh, SA
  1. How many employees does STC have?

    STC has 19,000 employees
  2. What sector does STC operate in?

    STC is in Telecommunication Services
  3. Who are STC's competitors?

    STC's top competitors are Ooredoo, Zain, Du
  4. Who has STC invested in?

    STC's has invested in companies such as STC Pay, Careem