22 Hrs
Source:
الاقتصادية
STC Group's core profit rises 6.3%
During the first half of 2026, stc Group achieved a 6.3% increase in its net profits after excluding non-recurring items. Its revenues also rose by 3.8%, reaching 40.11 billion SAR. The group distributed cash dividends totaling 2.7 billion SAR, approximately 0.55 SAR per share for the second quarter. The strong financial performance led to a 5.5% growth in EBITDA (earnings before depreciation, amortization, and interest), reaching 12.97 billion SAR. The number of customers increased to 30.3 million for mobile services and 6.1 million for fixed-line services. The company continues to invest in digital infrastructure and strategic partnerships to enhance its telecommunications services.
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