Telecom
Sale will likely have limited immediate effects on stc’s financial metrics
Plan will serve as a core driver to improve employee engagement
The metaverse market for MENA telcos could reach $13 tn by 2030
Assets of Ooredoo's Abraaj estimated to be worth between $3 and $5 bn
In appreciation of its notable nationalization efforts
Revenue up 4 percent and free cash flow up 3 percent
Funding directed to MENA-based tech investment firm STV
Offer valued at more than SAR 21 bn
Investment is set to be operational in early 2024
Company will acquire 20% stake in GLI when financial completion achieved
stc into fintech, IoT, AI, data, connectivity, 5G, e-gaming and all what matters
A billion-dollar investment
The 7A will ensure more efficient use of spectrum
Consumer-electronics purchase behavior constantly changing
Largest capital increase for listed company in Saudi stock market
stc: "Today, we have reached 70% Saudisation rate"
