Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
stc group launched a secure, AI-powered nationwide LTE network for Saudi Arabia’s mission-critical sectors, enhancing reliability and innovation in government, healthcare, and oil and gas.
MSCI has upgraded stc group’s ESG rating from BBB to A in 2025, recognizing its leadership in sustainability, governance, and cybersecurity. This places stc in the top third of global telecom firms, reflecting its advances in data privacy, risk management, and adherence to high ESG standards across its diverse operations.
stc group has launched IoT-based smart tents and an integrated digital system to enhance safety, coordination, and efficiency during Hajj. These innovations support Saudi Arabia’s Vision 2030 by ensuring real-time monitoring, emergency alerts, and seamless management, delivering a safer and more efficient pilgrimage experience for millions.
stc Group continues its role as the Title Partner for the FORMULA 1 STC Saudi Arabian Grand Prix 2025, providing advanced 5G connectivity, IoT solutions, and AI-driven services. The partnership elevates the fan experience and supports Qatar’s national goals, blending digital innovation with world-class motorsport.
Stc group has been ranked as the third strongest telecom brand globally in the 2024 Brand Finance Telecom 150 Report. This recognition highlights stc’s exceptional customer loyalty, brand perception, and innovation, solidifying its position as a leader in digital transformation and connectivity across the Middle East, North Africa, and Europe.
stc Group reported strong FY 2024 results, with an 85% surge in net profit reaching SAR24.7 billion. The company saw revenue growth of SAR75.8 billion and made significant strategic moves, including launching a digital bank, expanding in Telefónica, and enhancing its infrastructure offerings. Cash dividends of SAR3.75 per share were declared.
STC Group has acquired a 9.97% stake in Telefonica and is now seeking a board seat following Telefonica’s CEO change. This move comes after significant ownership changes at Telefonica, with the Spanish government and Criteria increasing their stakes.
stc Group’s Job Attachment Program has partnered with 25 global organizations, providing employees with hands-on experience and career development opportunities. The program has seen a 72% increase in participation, empowering Saudi talent and boosting innovation. It bridges the gap between education and industry, fostering growth in AI and cybersecurity.
Saudi Telecom (STC Group) has received approval from the Spanish government to increase its stake in Telefonica to 9.97%. The decision follows an analysis to ensure compliance with Spanish legislation and national defense interests. STC has stated that it does not seek control or a majority stake in Telefonica.
stc Group and Dawiyat Digital have signed a strategic agreement to expand IoT services across Saudi Arabia, focusing on strengthening collaboration and extending IoT solutions to multiple sectors. The partnership will leverage stc’s network to enhance connected services for businesses and consumers, driving growth and innovation in the Kingdom.