Business · Companies · 2 hrs ago
Saudi Telecom Revenue Rises 3.67% as Combined Profit Falls
Saudi Arabia’s three listed telecom operators increased revenue to 83.42 billion riyals in the first nine months of 2026, up 3.67% from a year earlier.
The companies are STC, Mobily and Zain Saudi Arabia, which provide telecom services in the country.
STC generated about 72% of their combined revenue, making its results the biggest influence on the group total.
Despite higher revenue, their combined net profit fell 2.07% to 14.17 billion riyals.
STC’s profit declined, while Mobily’s rose 7.68% and Zain Saudi Arabia’s rose 45%.
Financing costs and one-off items affected reported profits, even as demand and business activity continued to support revenue growth.
The figures cover the first nine months of 2026; no further steps or forecasts are stated.
Saudi Arabia’s three listed telecom companies generated 83.42 billion riyals in revenue in the first nine months of 2026, up 3.67% from the same period a year earlier.
Their combined net profit fell 2.07% to 14.17 billion riyals.
STC accounted for about 72% of the companies’ combined revenue, while Mobily and Zain Saudi Arabia also reported revenue growth.
The article attributed revenue growth to higher customer, business and carrier services, improved revenue mix and expansion by subsidiaries.
A financial expert said that financing costs, operating expenses and non-recurring items affected how revenue growth translated into profit.
- Who
- Saudi telecom companies STC, Mobily and Zain Saudi Arabia.
- What
- Their combined revenue rose 3.67%, while combined net profit fell 2.07%.
- When
- The first nine months of 2026; the results were reported on October 31, 2026.
- Where
- Saudi Arabia.
- Why
- Revenue growth was linked to demand for telecom services and expanding business activities; profit was affected by financing costs, operating expenses and non-recurring items.
This story does not have two clearly opposing sides.
The three companies recorded combined revenue of about 80.47 billion riyals and net profit of about 14.47 billion riyals.
Combined revenue rose to 83.42 billion riyals, while combined net profit fell to 14.17 billion riyals.
Asharq Al-Awsat published its report on the companies’ results.
- Combined revenue
- 83.42 billion riyals
- Revenue growth
- 3.67%
- Combined net profit
- 14.17 billion riyals
- Combined profit change
- Down 2.07%
- STC share of combined revenue
- About 72%
2 sources
What people are saying
The financial results of Saudi telecom companies in the first nine months of 2026 reflect continued strong demand for the sector’s services and the expansion of its activities, amid the rapid digital transformation taking place in the Kingdom.