WaZii translationTabuk governor reviews STC's projects and initiatives in the region
صحيفة المواطن ·
Prince Fahd bin Sultan bin Abdulaziz, governor of Tabuk region, received at his office STC's regional manager Mohammed bin Abdullah Asiri, who presented the company's sustainability report on its work and achievements for 2025. The meeting reviewed the main projects and initiatives the company has carried out in the region and its efforts to develop telecom services.
WaZii translationEastern Province governor receives stc regional director
صحيفة اليوم السعودية ·
The Governor of the Eastern Province, Prince Saud bin Naif bin Abdulaziz, received stc's regional director for the Eastern Province, Ibrahim bin Abdullah Al-Zahrani, at the Emirate's office on Sunday. The governor reviewed the company's achievements and its sustainability report for 2025, and stressed the importance of developing infrastructure, improving service quality and strengthening network reliability and efficiency.
WaZii translationstc wins Silk Link project with USD 1 billion investment commitment
صحيفة الجماهير ·
The communications minister announced that stc Saudi Arabia won the Silk Link project with an investment commitment of 1 billion dollars, with site studies being completed, drilling about to start and the first project results expected roughly 18 months after implementation begins. Zain won a mobile operating licence for close to 750 million dollars, excluding other investments and commitments. The sector needs about 5 billion dollars of investment to develop infrastructure and telecom networks.
stc group continues its partnership with Riyadh Season as Official Premium Partner for the 2026-27 edition, the sixth consecutive year. The partnership includes interactive activities, advertising displays and promotional materials, plus naming rights for a zone and four rides presented by stc at Wonder Garden. Riyadh Season, now in its seventh edition, runs for 10 weeks.
WaZii translationAlAhli Capital, BSF Capital issue positive ratings on stc after Q3 results
أرقام ·
AlAhli Capital rated stc Overweight with a target price of SAR 52.30, while BSF Capital rated the stock Buy with a target price of SAR 46.70, both commenting on the group's third-quarter 2026 results. AlAhli Capital said the outlook remains positive, supported by clearer earnings visibility, data centre expansion, growing contributions from Center 3 and stc bank, and large government contracts. It noted that stc's third-quarter profit of SAR 3.6 billion matched its estimate of SAR 3.55 billion and the market consensus of SAR 3.54 billion. BSF Capital said revenue growth came entirely from subsidiaries, while weaker core activity revenue in Saudi Arabia and higher costs pressured operating profitability, with net profit exceeding market consensus by 2.8% and operating profit coming in 9.1% below consensus.
WaZii translationRiyadh Capital cuts STC target price to SAR 47, keeps Buy rating
موقع كل يوم ·
Riyadh Capital cut its target price for STC to SAR 47 per share, compared with a closing price of SAR 41.16, citing weaker operating profitability and higher net debt, while its rating on the stock stands at Buy. The broker pointed to a total expected return of 26.8% and a dividend yield of 5.3%, alongside STC's cash dividend of SAR 0.55 per share for the quarter. It said group revenue for Q3 2026 reached SAR 20.0 billion, up 4% year on year, fully supported by an 18.5% increase in revenues of subsidiaries such as Solutions, stc bank and Center3, offsetting a slight decline at stc Saudi Arabia.
WaZii translationSTC announces Q3 2026 dividend of SAR 0.55 per share
Saudi Exchange ·
Saudi Telecom Company (stc) will distribute a cash dividend of SAR 0.55 per share for the third quarter of 2026, in line with the three-year dividend policy starting from the fourth quarter of 2024, approved by the ordinary general assembly on 06-11-2024. The total distributed amount is SAR 2,741.46 million across 4,984.48 million eligible shares, equal to 5.5% of the share's nominal value. The eligibility date is 2026-11-02 and the distribution date is 2026-11-19.
WaZii translationSTC to pay SAR 0.55 per share dividend for Q3 2026
أرقام ·
STC will distribute cash dividends to shareholders for the third quarter of 2026 at SAR 0.55 per share, a total of SAR 2,741.46 million on 4,984.48 million shares, equal to 5.5% of the nominal share value. The distribution follows the three-year dividend policy starting from the fourth quarter of 2024, which was approved by the ordinary general assembly on 06-11-2024. Eligibility is set for 2026-11-02 and payment on 2026-11-19 through Riyad Bank, while treasury shares not entitled to dividends and allocated to the employee incentive programme reached 15,512 thousand shares to date.
WaZii translationSTC Q3 2026 net profit falls 12.4% to SAR 3.6 billion
صحيفة اليوم السعودية ·
STC's third-quarter 2026 net profit fell 12.4% to SAR 3.6 billion, compared with SAR 4.1 billion in the same quarter of last year, according to the company's statement on Saudi Exchange (Tadawul). The company attributed the decline mainly to a SAR 116 million drop in operating profit and a SAR 69 million fall in total other income. It also recorded zakat and income tax expense of SAR 156 million, against a positive impact of SAR 157 million in the year-earlier quarter following the reversal of a zakat provision related to previous years.
WaZii translationstc Q3 2026 preliminary results: revenue up 3.749%, net profit down 5.708%
أرقام ·
stc reported revenue of 19,985 million riyals in the third quarter, up 3.7%, mainly on 18.5% growth in subsidiaries' revenue, while third-quarter net profit was 3,599 million riyals. Gross profit rose 5.1% to 9,724 million riyals from 9,251 million riyals, while operating profit fell by 116 million riyals, and other income dropped 69 million riyals as financing income decreased by 70 million and financing costs rose by 124 million riyals. The statement showed net profit attributable to shareholders of 10,918 million riyals versus 11,579 million riyals, and earnings per share of 2.19 versus 2.32, with all figures in million Saudi riyals.
