87 Days
Source:
الاقتصادية
STC Group Net Profit Rises 6.3%
STC Group announced its preliminary financial results for the first half of 2026, recording a revenue increase of 3.8% to reach 40.1 billion riyals. Net profits rose by 6.3% after excluding non-recurring items, surpassing analyst expectations. The company experienced growth in its customer base, with mobile phone subscribers totaling 30.3 million—a 4.8% increase. The number of 5G towers grew to 12,120 towers. Additionally, there were expansions in digital infrastructure and strategic partnerships to enhance telecommunications services and satellite technologies. The company also launched advanced cloud solutions, supported sustainability programs, and maintained a strong credit rating, reaffirming its capacity for sustainable growth and added value for shareholders.
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