Saudi Telecom Company

STC is a leading telecom and technology services provider for individuals and businesses. The company offers a variety of ICT solutions and digital services in several categories including telecommunications, IT, financial technology, digital media, cybersecurity, and other advanced digital solutions. In March 2022, STC signed an agreement with the Public Investment Fund to establish a jointly-owned company specializing in services related to the Internet of Things. STC also plans to create a new data center company with an initial capital of $26.7 million.