VIVA Financial Results H1 2018
Shareholders' Structure
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25
VIVA
Saudi Telecom
52%
Kuwaiti Government
24%
Public Shareholders
24%
STC
الاتصالات السعودية
25
50
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STC, the leading regional telecom
operator, won the bid for third mobile
license in November 2007, and paid USD
980 million for the license.
STC has a management agreement with
VIVA.
STC increased its ownership percentage
from 26% to 51.8% through a VTO at the
beginning of 2016.
Currently, 4 out of 7 board members are
representative of STC group.
The Kuwaiti government holds 24%
of VIVA through different
governmental entities.
Currently 2 out of 7 board members
are representing the Kuwaiti
government bodies.
Public Share holders consists of
companies, portfolios, funds and
individuals.
The public shareholders are mix
between local, regional and
international investors.
Independent Board member elected
during the AGM on 16th of May 2016.
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Investor Relations
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