Investor Presentation 2022
Our ICT Arm
28
Subsidiary Overview
Date of
Incorporation
Capital
→ Founded in 2002
→ SAR 1.2 billion
Services Offered
System Integration
Investor Presentation 2022 | stc group
loT Digital Services
Subsidiary
Objective
→ One of the major names in the field of technical
solutions, and biggest suppliers in the kingdom.
→ To enable digital transformation to support
government and private sector goals; spreading
the benefits of ICT services to bring down the
cost of progress and speed up the journey into
the future.
→ Through an extensive partner ecosystem, the
subsidiary aim to deliver the most advanced
end-to-end solutions, and managed services,
for compute, storage and network, software
and hardware.
Connectivity Services.
Business Outsourcing
Managed Services
CE
Cloud Services
Cybersecurity Integration
+
stc Ownership
Business Highlights
→ 79%
→ During Q1 2022, Solutions has signed a binding
agreement for the acquisition of 89.5%
ownership of Giza Systems Company, in
addition to 34% of Giza Arabia, a subsidiary of
Giza Systems Company. The acquisition value
amounts to USD 158 million (equivalent to SR
592.5 million). In October 2022, the acquisition
has been completed.
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