STC - Network

• Legally and popularly known as: Saudi Telecom Company, trading as stc Group.
• Founded: April 21, 1998 via royal decree, transitioning key telecom functions from the government into a joint-stock company.
• Ownership: Majority-owned (~64%) by Saudi Arabia’s Public Investment Fund (PIF).

What They Do & Offer

stc Group isn’t just your typical telco—they’re a digital enabler across the region. Here’s the breakdown:

1. Telecom Services

• Landline, mobile (including 5G), broadband, and satellite services.

2. Digital & Cloud

• Solutions include cloud computing, cybersecurity, the Internet of Things (IoT), and digital infrastructure.

3. Fintech & Digital Payments

• stc Pay is a big deal—it’s become the region's largest fintech unicorn. Later evolved into stc Bank. Western Union even took a stake in it.

4. Media & Entertainment

• stc Play (gaming & eSports) and stc TV (streaming content).

5. International Footprint

• Besides Saudi, stc serves customers across other GCC markets like Bahrain and Kuwait and has interests reaching into Europe.

Strategic Ambitions

• Mission: To lead the region’s digital transformation—"digital enabler" is how they market this.
• Market Reach: Serving over 170 million customers across 11 countries.
• Innovation: Early adopter of 5G, building high-speed digital infrastructure and pioneering digital services.