Investor Presentation 2021

KSA & Telecom Industry 8 Investor Presentation 2021 | stc group Macro Economy & Liquidity Regulatory Environment Government Initiatives → The point-of-sale (POS) transactions grew by 20% to SAR 31.05 billion in February 2021, from SAR 25.93 billion in the same period last year, data issued by the Saudi Central Bank (SAMA). → Assets held by the Saudi Central Bank (SAMA) saw a decline of SAR 17.1 billion month-on-month (MoM) to SAR 1.834 trillion in February 2021, according to data released by the central bank. → Saudi Arabia's non-oil exports grew by 16% year-on-year (YoY), or SAR 2.56 billion, to SAR 18.91 billion in January 2021, according to the General Authority for Statistics (GASTAT). → Saudi Arabia's oil exports grew by 1% month-on-month (MoM) to 6.58 million barrels per day (bpd) in January 2021, according to the Joint Organizations Data Initiative (JODI). → S&P Global Ratings affirmed Saudi Arabia's sovereign credit ratings at 'A-/A-2' with a stable outlook. The credit ratings agency said in a statement that the Saudi economy will likely return to the positive growth in 2021 after the contraction seen in 2020. → Companies operating in the telecommunications sector in Saudi Arabia invested over SAR 40 billion in digital infrastructure over the past three years, according to Communications and Information Technology Commission (CITC) governor Mohammed Altamimi. → The Saudi telecommunications industry is estimated at SAR 70 billion with the information technology market size at SAR 64 billion and Saudi postal services at SAR 6.4 billion. The market value of the Saudi telecom operators is estimated at SAR 246 billion, according to (CITC) governor Mohammed Altamimi. → The Communications and Information Technology Commission (CITC) launched the 'Game Mode' initiative, with the aim of enhancing Saudi Arabia's booming gaming sector. → Crown Prince Mohammed Bin Salman launched "Shareek" program to strengthen the partnership with the private sector. The program aims to enhance the resilience and capacities of major regional and foreign companies. It also seeks to enhance the Saudi government's position as a contributor for trade and strengthen the Kingdom's reputation as a global economic power. → Crown Prince Mohammed Bin Salman said that several initiatives that will be launched in the short term could boost expenditure over the next decade to SAR 27 trillion, which would exceed spending in the last 300 years. → Crown Prince unveils Green Saudi and Green Middle East Initiatives. The Initiatives will set the Kingdom's direction to protect earth and nature. → Saudi Arabia licensed 91 new factories worth SAR 857 million in February 2021 → Minister of Industry and Mineral Resources, Bandar Alkhorayef, launched "Made in Saudi", under the sponsorship of Crown Prince Mohammed bin Salman. The move aims to support national products and services at both local and global levels. stc

View entire presentation