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Saudi Telecom 

“Market Cap $35.6 B As of May 2014

At a Glance
  • Industry: Telecommunications services
  • Founded: 1998
  • Country: Saudi Arabia
  • CEO: Abdulaziz Al Suqair
  • Website: www.stc.com.sa
  • Employees: 21,316
  • Sales: $12.16 B
  • Headquarters: Riyadh
Forbes Lists

#393 Global 2000

  • #800 in Sales
  • #244 in Profit
  • #920 in Assets
  • #290 in Market value
Profile

Saudi Telecom Co. engages in the provision of telecommunication services. Its operations are carried out through the following business segments: GSM, PSTN, DATA, and Un-allocated. The GSM segment involves mobile, third generation, international roaming and messaging, and prepaid card services. The PSTN segment offers services such as fixed lines, card telephones, and interconnect and international calls. The DATA segment engages in leasing data transmission circuits, DSL, and the internet. The Un-allocated segment involves services which could not be classified under the aforementioned segments. The company was founded on April 21, 1998 and is headquartered in Riyadh, Saudi Arabia.

“Background

The Saudi Telecommunication Group provides integrated mobile, fixed and broadband communications services to over 160 million customers globally. The company is Headquartered in Riyadh, Saudi Arabia. Saudi Telecom Company (STC) is the largest telecommunications company by market capitalization, total revenue and number of employees in the Arab State region. In the last few years, STC has gone beyond its local borders to the international markets, forming a network of businesses and investments in a number of GCC countries, Asia and Africa. The company is now present in Kuwait, India, Malaysia, Turkey, South Africa and Bahrainwhich has enabled STC to serve a larger number of customers internationally.”

*Information from Forbes.com and Wikipedia.org

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