Business · Markets · 2 hrs ago
STC expands from a telecom operator into a broader technology group
STC was mainly a telecommunications company 15 years ago, but it has since expanded into areas such as cloud services, cybersecurity, data centres and digital finance.
Telecommunications remains its core business, while its networks also support newer services and businesses.
The group launched STV and stc pay in 2017, sold 20% of solutions in 2021, and established center3, IoT squared and a cloud computing company in 2022.
STC Bank began operating in 2025.
Group revenue increased from about 51.8 billion riyals in 2010 to 77.82 billion in 2025.
In a hypothetical example, an investment of 100,000 riyals at the end of 2010 would have been worth about 407,500 riyals at the end of 2025, including cash dividends and share value, without reinvesting the dividends.
The expansion means STC's performance now depends not only on phone and data services but also on its technology businesses and investments in digital infrastructure.
STC has expanded from a telecom operator into a group spanning digital infrastructure, technology and financial services.
Telecommunications remains the group’s core business, while newer activities include information technology, cybersecurity, cloud computing, data centres and digital finance.
Revenue rose from about 51.8 billion riyals in 2010 to 77.82 billion riyals in 2025.
In 2025, the group reported revenue growth of 2.5%, EBITDA of about 24.5 billion riyals and net profit attributable to shareholders of 14.83 billion riyals.
The article says an investment of 100,000 riyals at the end of 2010 would have been worth about 407,500 riyals at the end of 2025, including cash dividends and excluding reinvestment of dividends.
- Who
- STC, the Saudi telecommunications and technology group, and its shareholders.
- What
- STC has broadened its business beyond telecommunications into technology, digital infrastructure and financial services.
- When
- The article traces the expansion over 15 years, from 2010 to 2025. It was published on 12 October 2026.
- Where
- Not stated
- Why
- The group has sought to diversify its sources of growth through technology and digital businesses alongside its core telecom activities.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
STC launched STV and stc pay.
STC offered 20% of solutions for sale.
The group established center3, IoT squared and a cloud computing company.
STC Bank officially began operations.
- Revenue in 2010
- About 51.8 billion riyals
- Revenue in 2025
- 77.82 billion riyals
- 2025 revenue growth
- 2.5%
- 2025 EBITDA
- About 24.5 billion riyals
- 2025 net profit attributable to shareholders
- 14.83 billion riyals
Sources
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