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stc Group Launches Colab for Innovation
The stc Group announced the launch of "colab," its specialized arm for innovation and startup development, as part of its efforts to enhance the investment ecosystem and support digital economic growth. "colab" aims to develop digital projects, explore new technologies, and transform ideas into scalable businesses, utilizing the group's expertise and assets. This announcement follows the success of the investment ecosystem, where the "inspireU" platform contributed to accelerating the growth of over 150 startups, and "STC Bank" achieved revenues exceeding 1 billion SAR in 2025, serving more than 8 million customers. The launch of "colab" focuses on stimulating innovation and expanding digital projects through an integrated approach to achieve sustainable value in the long term.
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