Saudi Telecom Company, also known as STC group and STC, is a publicly owned entity headquartered in Saudi Arabia. Established in 1998 by royal decree, the company operates as a primary telecommunications and digital services provider, employing approximately 21,500 individuals. It reported $20.7B in revenue as of 2025. Primarily owned by the Public Investment Fund (PIF), which holds a 64% stake, the group specializes in ICT services across the Middle East and parts of Europe, including fixed-line and mobile telephony, broadband internet, and cloud computing. The company functions as a conglomerate with major subsidiaries such as solutions by stc (IT services), stc pay (digital banking), and center3 (digital infrastructure), while also holding strategic international stakes in operators like Telefónica. Saudi Telecom Company is centrally involved in Saudi Arabia’s digital infrastructure development, encompassing the rollout of 5G networks and the provision of neutral digital hosts for national 'giga-projects' like Diriyah.
STC Group reported record growth in network traffic and demand for connectivity services at the two holy mosques during Ramadan on March 16, 2026. Data traffic at Masjid Al-Haram in Makkah increased by over 21 percent, with 5G networks carrying more than 48 percent of internet traffic, an 18 percent rise from 2025. Earlier, on March 8, the company rolled out the second phase of its ‘New Calling’ initiative, piloting real-time Arabic–English translation during voice calls using AI. This followed its announcement on March 7 of record growth in digital and communication service usage at the two holy mosques during the mid-Ramadan peak. At that time, network indicators revealed a 21 percent increase in data traffic at the Grand Mosque in Makkah and a 40 percent surge at the Prophet’s Mosque in Madinah, with 5G technology handling nearly half of all internet traffic in both locations.
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Saudi Telecom Company offers 7 products in the media and telecoms services industry. Saudi Telecom Company's product portfolio comprises of consumer electronics, media and TV services and telecoms.
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Saudi Telecom Company's revenues were $20.7B in 2025. Caretta Research has split Saudi Telecom Company's revenue into 7 different product categories, the largest of which is mobile services, which represents 33% of Saudi Telecom Company's revenue.
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