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Financial Report Summary
Chairman's Speech
Highlights

Financial Report Summary

Annual highlight

Net profits for the year 2020 amounted to SR 10,995 million compared to SR 10,665 million for the year 2019, an increase of 3.09%. Earnings per share for 2020 amounted to SR 5.50 compared to SR 5.33 for 2019.

Gross profit for 2020 amounted to SR 33,954 million compared to SR 32,391 million for 2019, an increase of 4.83%.

The company's shareholders' equity increased by 3.53% in 2020 to reach 63,946 million

‫Total assets
in Saudi riyal

Net Profit increased by 3.09%

Total Revenue increased by

4,586

Operating Profit increased by 2.01% in 2020 to reach 12,731,125 million

Recording other revenues and expenses of

375

Chairman's Speech

stc Group has made sure that its strategic plans are in line with the challenges that the industry is facing globally in parallel with the digital information revolution and the conditions of the Covid-19 pandemic during the year 2020.

Gross profit

33,954 million

With the increase of

3.09%

Net Profits for the year 2020

10,995 million

The year 2020 was an exceptional year, especially as the company achieved the highest annual revenues compared In the previous eight years.

Mohammed bin Khalid Abdullah Al Faisal Chairman of the Board of Directors

Highlights

Employment plans were put in place for the fiscal year 2020 to inject new impetus into the company in an effort to increase the Saudization rate, to employ young national talents and to increase the roles filled by women.

People sector strategy (CARE 2.0) revolves around the most important asset in the company, its employees. To ensure employee deliver at the highest level, the people services have taken a lead in launching the Well-being program that focuses on four main pillars: Environmental, Health, Financial and Social Well-being.

Human Resource

stc strives to continue its journey, to participate as a leader in the field of ICT and the main enabler of digital transformation in the region. Its long-term vision aims to maximize its impact on sustainability in seven focus areas of the company.

Sustainability in stc