stc Group was established as a Saudi joint-stock company on 21 April 1998 and the Public Investment Fund of Saudi Arabia owns 64% of the company's shares. The company is listed on the Saudi Stock Exchange under the symbol (7010). STC is a leading operator in the Kingdom of Saudi Arabia, with a presence in 11 countries and serving more than 170 million customers.
stc is a leader in telecommunications, information technology, digital infrastructure, cloud computing, cybersecurity, the Internet of Things, digital payments, digital media, and digital entertainment. The group was among the first in the region to launch 5G networks and was considered one of the fastest globally in deploying 5G networks. The company has 19,863 employees and reported revenue of SAR 75.893 billion in 2024. stc Group has expanded its reach with over 18 subsidiaries throughout Saudi Arabia, with its headquarters in Riyadh, and encompasses operations as well as subsidiaries in Bahrain and Kuwait.
stc Group announced its consolidated financial results for 2025, recording the highest revenue in its history at SR77.8 billion ($20.7 billion), up 2.5 percent from the previous year.
Facts compiled by Executive Moves from publicly available news and press releases on 7 October 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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