Saudi Telecom Company’s digital banking arm, STC Bank, is set to broaden its service offerings following an $800 million capital infusion. This strategic investment will enable STC Bank to provide an expanded range of financial products, including loans and investment opportunities, catering to both corporate and retail clients.
The funds are part of Saudi Telecom’s broader diversification strategy, aiming to move beyond traditional telecommunications. By leveraging its robust technological infrastructure, STC Bank plans to introduce advanced digital banking solutions, delivering accessible and innovative financial services to its customers.
This move aligns with Saudi Arabia’s Vision 2030, which focuses on modernizing the country’s financial sector and accelerating digital transformation across various industries. STC Bank’s expansion is expected to play a key role in achieving these national goals.
