companyprofile
Saudi Telecom Co.
- Main Market
- Telecommunication Services
Stats Overview
-
Prev. Close 42.70
-
Open 42.70
-
High 43.00
-
Low 42.40
-
No. of Trades 6,793
-
Avg. Trade size* 534
-
Volume Traded 3,626,415
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Value Traded (SAR) 155,048,057.30
Performance
- *Average Trade Size = Cumulative / # of Trades
- **52 Week Price Change = (Current Price - Price year ago) / Price year ago x 100
- Historical prices & volume traded data are adjusted to account for all corporate actions.
- MO: Market Order
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PERFORMANCE
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Financials
- Balance Sheet
- Statement of Income
- Cash Flow
- XBRL
- Detailed Reports and Statements
- Annually
- Quarterly
Balance Sheet | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|
Current Assets |
59,910,608
|
50,550,564
|
44,850,271
|
43,119,962
|
Inventory |
1,022,601
|
917,510
|
1,008,645
|
1,721,530
|
Investments |
4,928,804
|
5,995,381
|
6,741,927
|
6,618,526
|
Fixed Assets |
46,645,266
|
47,205,038
|
47,847,623
|
45,085,342
|
Other Assets |
24,712,707
|
23,110,924
|
21,523,634
|
21,780,896
|
Total Assets |
137,219,986
|
127,779,417
|
121,972,100
|
118,326,256
|
Current Liabilities |
36,400,164
|
33,560,552
|
32,891,183
|
33,190,252
|
Non-Current Liabilities |
18,729,654
|
16,989,771
|
17,612,311
|
16,980,341
|
Other Liabilities |
6,064,576
|
5,843,115
|
6,201,591
|
5,100,617
|
Shareholders Equity |
73,499,525
|
69,270,505
|
63,945,782
|
61,762,594
|
Total Liabilities and Shareholder Equity |
137,219,986
|
127,779,417
|
121,972,100
|
118,326,256
|
Minority Interests |
2,526,067
|
2,115,474
|
1,321,233
|
1,292,452
|
All Figures in | Thousands | Thousands | Thousands | Thousands |
All Currency In | SAR | SAR | SAR | SAR |
Last Update Date | 2023-02-20 | 2022-02-24 | 2021-03-29 | 2020-03-18 |
Balance Sheet | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 |
---|---|---|---|---|
Current Assets |
63,073,233
|
58,059,745
|
55,538,501
|
53,450,801
|
Inventory |
1,784,636
|
759,087
|
928,499
|
992,543
|
Investments |
5,127,034
|
4,641,917
|
5,434,740
|
5,758,075
|
Fixed Assets |
45,669,664
|
45,948,410
|
46,295,211
|
46,097,480
|
Other Assets |
23,189,013
|
23,617,698
|
23,333,639
|
23,333,351
|
Total Assets |
138,843,580
|
133,026,857
|
131,530,590
|
129,632,250
|
Current Liabilities |
37,016,854
|
34,149,237
|
34,866,694
|
34,179,431
|
Non-Current Liabilities |
18,916,766
|
17,299,918
|
17,254,688
|
17,539,928
|
Other Liabilities |
5,927,867
|
5,548,567
|
5,633,351
|
5,533,546
|
Shareholders Equity |
74,630,915
|
73,331,085
|
71,786,035
|
70,366,932
|
Total Liabilities and Shareholder Equity |
138,843,580
|
133,026,857
|
131,530,590
|
129,632,250
|
Minority Interests |
2,351,178
|
2,698,050
|
1,989,822
|
2,012,413
|
All Figures in | Thousands | Thousands | Thousands | Thousands |
All Currency In | SAR | SAR | SAR | SAR |
Last Update Date | 2023-05-11 | 2022-10-30 | 2022-08-04 | 2022-05-08 |
- Announcements & Corporate Actions
- Financials
- Shareholding
- Peer Comparison
- Company Profile
- Announcements & Corporate Actions
- Financials
- Shareholding
- Peer Comparison
- Company Profile
- Announcements & Corporate Actions
- Financials
- Shareholding
- Peer Comparison
- Company Profile
Company Profile
Company overview
1)Establish, manage, operate and maintain fixed and mobile telecommunication networks, systems and infrastructure. 2)Deliver, provide, maintain and manage diverse telecommunication and information technology (IT) services to customers. 3)Prepare the required plans and necessary studies to develop, implement and provide telecom and IT services covering all technical, financial and administrative aspects. In addition, prepare and implement training plans in the field of telecommunications and IT, and provide consultancy services. 4)Expand and develop telecommunication networks, systems, and infrastructure by utilizing the most current devices and equipment in telecom technology, especially in the fields of providing and managing services, applications and software. 5)Provide integrated communication and information technology solutions which include, among other things, telecom, IT services, managed services, cloud services and internet of things) 6)Provide information-based systems and technologies to customers including providing telecommunication means for the transfer of internet services. 7)Wholesale and retail trade, import, export, purchase, own, lease, manufacture, promote, sell, develop, design, setup and maintain devices, equipment, and components and executing contracting works that are related to different telecom networks including fixed, moving and private networks. In addition, computer programs and the other intellectual properties. 8)Real estate investment and the resulting activities, such as selling, buying, leasing, managing, developing and maintenance. 9)Acquire loans and own fixed and movable assets for intended use. 10)Provide financial and managerial support and other services to subsidiaries. 11)Provide development, training, asset management and other related services. 12)Provide solutions for decision support, business intelligence and data investment. 13)Provide supply chain and other related services. 14)Provide digital banking services. 15)Provide cybersecurity services. 16)Construction, maintenance and repair of telecommunication and radar stations and towers. Moreover, stc is entitled to set up individual companies as limited liability or closed joint stock. It may also own shares in, or merge with, other companies, and it has the right to partner with others to establish joint stock, limited liability or any other entities whether inside or outside the Kingdom.
Company History
Saudi Telecom Company -stc- was established as a Saudi Joint Stock Company pursuant to Royal Decree No. M/35 dated 24 Dhul Hijja 1418H (corresponding to 21 April 1998) that authorized the transfer of the telegraph and telephone division of the Ministry of Post, Telegraph and Telephone (MoPTT) with its various components, technical and administrative facilities to stc in accordance with the Council of Ministers Resolution No. 213 dated 23 Dhul Hijja 1418H (corresponding to 20 April 1998) that approved stc by-laws (By-laws). stc was wholly owned by the Government of the Kingdom of Saudi Arabia (the Government). The Government sold 30% of its shares pursuant to the Council of Ministers Resolution No. 171 dated 2 Rajab 1423H (corresponding to 9 September 2002). During the year 2022 stcs capital has been increased by 150% via capitalizing SAR 30 billion of retained earnings and granted 1.5 bonus share for each 1 share owned by shareholders at the eligibility date. Thus, stcs capital increased from SAR 20 billion to SAR 50 billion. The increase in stcs capital will support achieving its growth and expansion strategy along with maximizing its shareholders return thru increasing and diversifying stcs investments and seizing the expected growth opportunities in the telecommunication & technology sector in the Kingdom of Saudi Arabia and the region. The Public Investment Fund (PIF) is the ultimate controlling shareholder of stc through its ownership of 64% after the sale of 6% of stcs shares through a secondary offering during the year 2021. stc commenced its operation as the provider of telecommunications services throughout the Kingdom of Saudi Arabia (the Kingdom) on 6 Muharram 1419H (corresponding to 2 May 1998) and received its Commercial Registration No. 1010150269 as a Saudi Joint Stock Company on 4 Rabi al-Awal 1419H (corresponding to 29 June 1998). stcs head office is located in King Abdulaziz Complex, Imam Mohammed Bin Saud Street Al Mursalat Area, Riyadh, Kingdom of Saudi Arabia. Since its inception and listing in the Saudi Stock Exchange, stc has gone through many substantial milestones in its history, which led to the growth and expansion of stc until it became the leader in the communications and information technology sector in the Middle East.
Company Bylaws
Equity Profile
- Authorized Capital (SAR) 50,000,000,000
- Issued Shares 5,000,000,000
- Paid Capital (SAR) 50,000,000,000
- Par Value/Share 10
- Paid Up Value/Share 10
Last Update :2022-08-31
Investment limits
There are no investment limits on the company shares as per the amended Rules for Qualified Foreign Financial Institutions Investments in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on company bylaw and the issued instructions by the related regulators and supervisory authorities
- Company Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
Investor Relations
Contact Name:
Investor Relations
Company Address:
P.o.Box 87912 Riyadh 11652
Contact Details:
Telephone: 8001161100
Fax: -
Email: IRU@stc.com.sa
Company Website:
Name Ob Subsidiary | Percentage Of Property | Main Business | Location Of Operation | Country Of Operation |
---|---|---|---|---|
Arabian Internet and Communications Services Company (SOLUTIONS) | 79.00% | The company is engaged in providing internet services, operation of communications projects and transmission and processing of information in the Saudi market. | Saudi Arabia | Saudi Arabia |
Telecommunications Towers Company (TAWAL) | 100.00% | The company is responsible of owning, constructing, operating, leasing and commercializing telecom towers in Kingdom. | Saudi Arabia | Saudi Arabia |
Saudi Telecom Channels Company (Channels) | 100.00% | The company operates in the wholesale and retail trade of recharge card services, telecommunication equipment and devices, computer services, sale and re-sale of all fixed and mobile telecommunication services, and commercial centers maintenance and operation. | Saudi Arabia | Saudi Arabia |
stc Bank | 85.00% | The company main activity is to provide digital payments services. | Saudi Arabia | Saudi Arabia |
Digital Centers for Data and Telecommunications Company (Center3) | 100.00% | The company main purpose is providing services related to big data, data analytics and cloud computing. | Saudi Arabia | Saudi Arabia |
Advanced Technology and Cybersecurity Company (sirar) | 100.00% | The company main activity is to provide cybersecurity services. | Saudi Arabia | Saudi Arabia |
Internet of Things Information Technology Company (IoT squared) | 50.00% | The company operates in the field of the Internet of Things. | Saudi Arabia | Saudi Arabia |
General Cloud Computing Company for Information Technology (SCCC) | 55.00% | The company's main purpose is to provide cloud computing services and products. | Saudi Arabia | Saudi Arabia |
Public Telecommunication Company (Specialized) | 100.00% | This company operates in the electrical business and communication networks, wholesale and retail trade in fixed telecommunications equipment, electrical appliances, import, marketing, installation and maintenance of fixed and mobile telecommunications and information technology licensed devices. | Saudi Arabia | Saudi Arabia |
Gulf Digital Media Model Company Ltd (GDMM) (Intigral) | 100.00% | The company is engaged in providing broadcasting and media production services. | Saudi Arabia | Saudi Arabia |
Aqalat Limited Company (Aqalat) | 100.00% | This company operates in the field of establishing, owning, investing, managing of real estate and contracting, and providing consulting services, and importing and exporting services to the benefit of the Company. | Saudi Arabia | Saudi Arabia |
Telecom Commercial Investment Company Limited (TCIC) | 100.00% | The company was established for the purpose of operating and maintaining of telecommunication networks, organizing computer systems networks and internet networks, maintenance, operation and installation of telecommunication and information technology systems and programs in the Saudi market. | Saudi Arabia | Saudi Arabia |
Smart Zone Real Estate Company | 100.00% | The main activity of the company is the development, financing and management of real estate projects, the establishment of facilities, complexes, commercial, office and residential buildings. | Saudi Arabia | Saudi Arabia |
Innovation Fund Investment Company | 100.00% | The company is engaged in providing administrative services and IT and telecommunication support. | Saudi Arabia | Saudi Arabia |
stc Bahrain BSC (c)(stc Bahrain) | 100.00% | This company operates in the field of all mobile telecommunication services, international telecommunications, broadband and other related services in the Bahraini market. | Bahrain | Bahrain |
Kuwait Telecommunications Company (stc Kuwait) | 51.80% | This company operates in the field of mobile services in the Kuwaiti market | Kuwait | Kuwait |
stc Asia Telecom Holding Ltd (stc Asia) | 100.00% | It is a special purpose entity that established to provide services and support required in respect of investment activities of stc Group . | British Virgin Island | British Virgin Island |
stc Turkey Holding Ltd (stc Turkey) | 100.00% | It is a special purpose entity that established to provide services and support required in respect of investment activities of stc Group . | British Virgin Island | British Virgin Island |
stc Gulf Investment Holding (stc Gulf) | 100.00% | It is a special purpose entity that provide services and support required in respect of investment activities of stc Group. | Bahrain | Bahrain |
stc GCC Cables System W.L.L. (stc GCC) | 100.00% | The company main activities include the sale and installation of telecommunications equipment and the construction of utilities projects. | Bahrain | Bahrain |