Olayan Al Watid, CEO of STC Group
The CEO of the group stated stc,Eng Olayan Al-WataidThe group continues to maximise its revenues from numerous enterprise sectors, and continues to implement its strategic program to assist spending effectivity, with a view to obtain sustainable profitability and maximize worth for shareholders.
The group recorded a development in revenues of two.6%, and a rise in revenue earlier than depreciation, amortisation, curiosity, zakat and taxes and web revenue (after excluding non-recurring gadgets) by 5.7% and 14.8%, respectively.
This efficiency displays the group’s success in implementing its technique geared toward strengthening its management within the telecommunications sector, directed funding in digital infrastructure and the event of digital companies and options.
The group’s CEO added that it’s persevering with to strengthen the digital infrastructure within the Kingdom and the area, because the subsidiary center3 introduced an funding plan price 37.5 billion riyals, aiming to speed up the growth and growth of information facilities to succeed in a complete capability of 1 gigawatt by 2030. This development is available in response to the rising demand for synthetic intelligence and cloud computing companies, to consolidate the Kingdom’s place as a strategic digital heart within the area.
Center3 additionally signed a strategic settlement with Humin, a subsidiary of the Public Funding Fund, to supply safe and extremely environment friendly communications options on the native and worldwide ranges, in assist of Humin’s synthetic intelligence system.
This settlement constitutes a qualitative step in creating and diversifying the digital economic system within the Kingdom, and enhancing the Kingdom’s place as a number one international heart within the discipline of synthetic intelligence.
As a part of supporting the digital transformation of main initiatives within the Kingdom, the group signed a strategic partnership with the Purple Sea Worldwide Firm, with an funding exceeding 1.2 billion riyals, to create superior digital infrastructure and supply superior communications companies to Purple Sea locations. This funding is taken into account one of many largest investments within the digital infrastructure of the Saudi tourism sector, which contributes to consolidating the Kingdom’s place in creating sensible vacationer locations globally, enhancing guests’ experiences, and supporting the objectives of the nationwide digital economic system.
The group additionally launched the Enterprise Important Communications Community, which is the most recent amongst non-public wi-fi communications networks and the primary of its sort within the Kingdom, to supply high-speed, safe and dependable communication capabilities to very important sectors, enhancing the effectivity and suppleness of operations, and maintaining tempo with future necessities via synthetic intelligence applied sciences, edge computing, and the Web of Issues.
Based mostly on its pioneering position in supporting numerous nationwide actions, the group has concluded various strategic partnerships in a number of fields. Within the sports activities discipline, stc signed a partnership with “Eight” firm that extends till 2031, to develop the expertise of following Saudi soccer tournaments. Within the discipline of digital sports activities, it signed a partnership with the Saudi Digital Sports activities Federation to increase the scope of the job placement program, in a method that enhances the event of future digital expertise. As for the tourism sector, the group sponsored the primary version of the “TOURISE 2025” discussion board in cooperation with the Saudi Tourism Authority, in assist of creating progressive technical options that allow the tourism sector and assist the Kingdom’s place as a world-leading vacationer vacation spot.
The Group CEO concluded by emphasizing his delight within the achievements made by the Group in supporting the nationwide economic system, because the native content material index rose by 14% to succeed in 50.7% in 2025, with a complete annual spending amounting to 21.31 billion riyals.
This achievement was the results of the efforts of the Rawafed Program, which focuses on maximizing native spending, selling innovation, attracting investments, and creating native competencies. This displays stc’s dedication to persevering with to develop the native content material system and contributing to constructing a sustainable digital future.
