Investor Relations Q1 2023 Financial Overview
Business Highlights
stc
✓ stc Group, the leading digital enabler in the
region, has succeeded in maintaining the first
rank as the most valuable brand in the Middle
East in the telecommunication sector for the
third year in a row, according to Brand Finance's
Global 500 2023 report. Thanks to the group's
success, continuous expansion, and growth
since the "dare" strategy launch in 2017. Over
the last five years, the brand's value has
increased by almost 100%, from $6.2 billion in
2017 to $12.3 billion in 2022. This achievement
results from the brand's outstanding
performance in maintaining its leadership
position and enhancing its commercial strength
in KSA and the region.
✓ stc Group had the most significant portion of
the conference "LEAP 23", as it concluded its
participation in conference by signing more
than 40 agreements and showcasing several
innovative services and technologies that
contribute
accelerating
to
the digital
transformation of the public and private
sectors. During the event, the group presented
advanced and secure technology solutions
contributing to the digital empowerment of
various business sectors. Moreover,
announced its cooperation with major global
and local companies, including Huawei,
Ericsson, Samsung, Telefónica, Motorola,
Airbus, Sky Five for Air to ground internet
services, and Oracle to update database
technologies and accelerate the cloud transfer
operation.
stc
✓ stc Group announced a partnership with Lucid
Group to provide direct-to-consumer
connectivity services for Lucid customers in KSA.
Through this collaboration, the companies will
deliver exceptional connectivity that enables in-
car infotainment and over-the-air functionality to
enhance the driving experience for
customers. As a leading digital enabler in the
region, stc is committed to providing innovative
solutions.
Lucid
✓ stc Group announced the launch of its corporate
investment fund (CIF). The Fund aims to invest in
early stages startups in various domains
including fintech, cybersecurity, artificial
intelligence, digital games, Internet of Things,
blockchain, and other promising areas. The CIF
will make strategic investments to accelerate
growth, enhance innovation and support the KSA
Vision 2030 in terms of economic diversification
through tapping into new sectors and supporting
stc's strategy-related entrepreneurs and startups
at the local, regional and international levels.
The fund will also explore new technologies and
business models in digital sectors.
✓ stc Group announced its commitment to planting
one million trees by 2030. Through this
commitment, stc aspires to help support the
natural growth of plants and promote local
wildlife within the framework of many initiatives
that the Group will launch across Saudi Arabia to
enhance
initiative
environmental conservation. This
will plant 200,000 trees around
telecommunication towers in Taif Governorate,
representing 20% of the commitment.
✓ center3
and stc Bahrain have officially
completed the marine survey for 2Africa Pearls
in Bahrain, marking a significant milestone in the
development of the overall 2Africa subsea cable
project. The 2Africa Pearls subsea cable is a
unique transcontinental communication system
that connects 33 countries through 46 landing
locations, spanning across three continents, and
positioning the Middle East at the center of
operations. Once completed, 2Africa Pearls will
break records as the longest subsea cable ever
deployed. Spanning over 45,000 km in length,
the cable system will provide reliable
connectivity and internet services across a
number of vital landing locations in KSA,
Bahrain, Kuwait, Oman, UAE, Qatar, Iraq, Pakistan,
and India.
✓ stc has won the "Private Networks Perfection of
the Year" at the 2022 Glotel Awards, as it
demonstrates its commitment and innovation in
edge computing domain to revolutionize digital
transformation for its B2B customers, supporting
the build of non-public private networks for low
latency edge computing use cases. The Glotel
Awards by Telecoms.com, which was held in
London this year, recognizes innovation and
excellence within the telecoms sector, honoring
key players who are shaping the future of the
industry.
✓ solutions by stc, the leading enabler of digital
transformation in the region, has announced the
successful completion of the acquisition of
100% of the Contact Center Company (ccc), the
business process outsourcing (BPO) market
leader in Saudi Arabia, with an enterprise value
of SAR 450 million.
Investor
Relations
Q1 2023View entire presentation