stc.com.sa

Pushing The

Boundaries Toward

The Future

Annual report
2019

Financial

Performance

Net profits

10,665 Million SR
Total assets
in Saudi riyal ‫
 
118,326‬‬
 
2019
109,371
 
‫‪2018

Total assets in Saudi riyal

8.19% an increase of

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for 2019 amounted to SR 21,265 million

7.21% an increase of

Net profits for the year 2019 amounted to SR 10,665 million compared to SR 10,780 million for the year 2018, a decrease of 1.07%. Earnings per share for 2019 amounted to SR 5.33 compared to SR 5.39 for 2018. Gross profit for 2019 amounted to SR 32,391 million compared to SR 30,473 million for 2018, an increase of approximately 6.29%. Operating profit for 2019 amounted to SR 12,480 million compared to SR 12,245 million for 2018, an increase of 1.92%

Saudization Rate

90.8%

Equity attributable to shareholders of the Company

61,763 Million SR

Chairman's

Speech

To Chairman's Speech

stc made outstanding achievements that enabled it to move forward in terms of digital services that enrich the lives of our customers and employees. The Group plays a key role in enabling digital transformation in the Kingdom of Saudi Arabia in line with the Saudi Vision 2030 and the goals of stc's DARE strategy for new growth opportunities

Gross
Profit
32,391 Million SR
With the
increase of
6.29%

Consolidated Revenues

54,368 Million SR

Highlights

Increasing the Saudization rate by 10% for contract employees as part of the outputs of the project aimed at improving the quality of contractors. The Saudization rate increased from 51% at the end of 2018 to 61% at the end of 2019.

Empower women, boost their presence in specialized fields in communications and technology, and build a digital society that effectively contributes to realizing comprehensive development

The Human Resources Department created a human resources strategy that supports and complements stc’s strategy, with a focus on digitizing processes regulating human resources activities and introducing a range of best practices in leading companies.
Human Resource

Pushing the

boundaries towards

the Future

Financial

Performance

Net Profits 10,665 Million SR

Total assets in SR

118,326
2019
118,326
2019
Total assets in Saudi riyal 8.19% an increase of
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for 2019 amounted to SR 21,265 million 7.21% an increase of

Net profits for the year 2019 amounted to SR 10,665 million compared to SR 10,780 million for the year 2018, a decrease of 1.07%. Earnings per share for 2019 amounted to SR 5.33 compared to SR 5.39 for 2018. Gross profit for 2019 amounted to SR 32,391 million compared to SR 30,473 million for 2018, an increase of approximately 6.29%. Operating profit for 2019 amounted to SR 12,480 million compared to SR 12,245 million for 2018, an increase of 1.92%

Chairman's

Speech

stc made outstanding achievements that enabled it to move forward in terms of digital services that enrich the lives of our customers and employees. The Group plays a key role in enabling digital transformation in the Kingdom of Saudi Arabia in line with the Saudi Vision 2030 and the goals of stc's DARE strategy for new growth opportunities

Gross Profit 32,391 Million SR
With the increase of 6.29%

Consolidated Revenues

54,368 Million SR
To Chairman's Speech

Highlights

Increasing the Saudization rate by 10% for contract employees as part of the outputs of the project aimed at improving the quality of contractors. The Saudization rate increased from 51% at the end of 2018 to 61% at the end of 2019.

Empower women, boost their presence in specialized fields in communications and technology, and build a digital society that effectively contributes to realizing comprehensive development

The Human Resources Department created a human resources strategy that supports and complements stc’s strategy, with a focus on digitizing processes regulating human resources activities and introducing a range of best practices in leading companies.
Human Resource