FAQs


1. When stc was established?

Saudi Telecom Company (the “Company”) was established as a Saudi Joint Stock Company pursuant to Royal Decree No. M/35 dated 24 Dhul Hijja 1418H (corresponding to 21 April 1998) that authorized the transfer of the telegraph and telephone division of the Ministry of Post, Telegraph and Telephone (“MoPTT”) with its various components and technical and administrative facilities to the Company, and in accordance with the Council of Ministers’ Resolution No. 213 dated 23 Dhul Hijja 1418H (corresponding to 20 April 1998) that approved the Company’s by-laws (“By-laws”). The Company was wholly owned by the Government of the Kingdom of Saudi Arabia (the “Government”). The Government sold 30% of its shares pursuant to the Council of Ministers Resolution No. 171 dated 2 Rajab 1423H (corresponding to 9 September 2002),. The Public Investment Fund (“PIF”) is the ultimate controlling party of the Company through its ownership of 64% as at 31 December 2021 (2020: 70%). During the year 2021, the PIF through a secondary offering sold 6% of the Company’s shares.
The Company commenced its operation as the provider of telecommunications services throughout the Kingdom of Saudi Arabia (“the Kingdom”) on 6 Muharram 1419H (corresponding to 2 May 1998) and received its Commercial Registration No. 1010150269 as a Saudi Joint Stock Company on 4 Rabi Awal 1419H (corresponding to 29 June 1998). The Company’s head office is located in King Abdulaziz Complex, Imam Mohammed Bin Saud Street Al Mursalat Area, Riyadh, Kingdom of Saudi Arabia.

2. What is stc’s fiscal year end?

• stc’s fiscal year ends in 31st of December.

3. In which stock market stc is listed?

• stc is listed in the Saudi Stock Exchange (Tadawul).

4. What is the Stock symbol of stc’s Stock?

• stc’s ticker at Tadawul Stock Exchange is “7010” and the ISIN Code is SA0007879543.

5. What is the number of stc shares listed in Saudi Stock Exchange (Tadawul)?

• 2 Billion Shares.

6. What is stc's current authorized capital?

• 20 Billion SAR.

7. Who are the major shareholders of stc?

Public Investment Fund 64%

8. How can I buy stc’s shares?

• All Saudis, GCC citizens, foreign residents, the Qualified Foreign Investor (QFI) can buy directly through the authorized brokers, and the non-residential foreigners can buy through Swap agreements.

9. How can I receive my dividends?

• You will receive it in your bank account, which is linked to your portfolio.

10. How can I contact Investor Relations?

• You can contact the IR team directly through email IRU@stc.com.sa or phone 8001161100.

11. Whom should I contact if I did not receive my dividend payments?

• You can contact the IR team directly through email IRU@stc.com.sa or phone 8001161100.

12. When is the date of the General Assembly Meeting?

• Our General Assembly Meeting is usually held at the end of the first quarter of the year and it will be announced through the official platforms (Tadawul, stc IR website and Saudi newspapers)

13. Who can attend the General Assembly Meeting?

• Every shareholder or representatives appointed by the shareholder to attend on his/her behalf.

14. Where does the General Assembly Meeting take place?

• There is no fixed venue, usually it is announced in the General Assembly Meeting invitation announcement.

15. Where can I get information on analysts’ views on stc?

• You can check the following link for the analysts’ views on stc

16. How can I get the latest stc news and announcements?

• You can check the following link for the latest news and announcement.

17. What are the dates of the announcement of stc’s financial results?

• Within a period not exceeding 30 days after the end of the financial period for the quarterly results, and within a period not exceeding three months after the end of the financial period for the annual results.

18. What is stc's credit rating?

- Standard & Poor's: A- Long-Term, Stable
- Moody's: A1 long term, Stable
- Tassnief: AAA long-Term, Stable