Salam has partnered with CDNetworks to improve internet services in Saudi Arabia, providing low-latency, high-speed International IP Transit services. The collaboration aims to meet the growing demand for digital services, including gaming and video streaming, ensuring a robust digital ecosystem and supporting the Kingdom’s expanding content delivery network market.
Zain Saudi Arabia reported record revenue of SAR10.4 billion for FY 2024, reflecting a 5% growth. The company achieved a 354% increase in normalized net profit and a 12% growth in EBITDA. The Board recommended a 5% dividend, driven by strong demand for 5G and digital services.
Ericsson and Mobily have partnered to explore the development of AI-powered autonomous networks in Saudi Arabia. The collaboration aims to leverage emerging technologies such as AI, automation, and orchestration solutions to improve 5G networks’ efficiency, service quality, and scalability, driving digital transformation in the country.
Salam, a Saudi telecommunications and IT company, has partnered with Publicis Groupe Middle East to enhance customer experience through advanced digital services. The collaboration will integrate services from Publicis’ Digitas agency to strengthen Salam’s digital presence and transformation efforts in the kingdom.
The Public Investment Fund (PIF) of Saudi Arabia completed the sale of 100 million shares in Saudi Telecom Company (stc), raising $1.03 billion. The oversubscribed offering marks the largest accelerated bookbuild in Saudi Arabia and the MENA region. PIF retains 62% of stc’s shares as part of its strategic capital recycling plan.
