Saudi Telecom Company

Saudi Telecom Co (STC) is the Arab world’s largest phone company and is intent on providing new services in its domestic market, as well as tapping opportunities in Malaysia, India, Indonesia, South Africa and Kuwait as it seeks to offset declining subscriber growth at home and competition from regional operators in the Arab world’s largest economy.

Customers are already benefitting from this competition, and STC has this year reduced its internet charges by 70 percent as it looks to increase the number of users of the service. It has also slashed its mobile phone roaming charges by as much as 63 percent in some countries, after new rules were introduced by the Kingdom’s telecoms regulator.

Elsewhere in the Gulf, in January STC won the bid for Bahrain’s third mobile phone licence, paying $230m for the privilege. The Riyadh-based company was the only bidder to place an offer on time after the regulator earlier registered four companies to submit bids.

It will compete with Bahrain Telecommunications Co (Batelco), the largest phone company in the country, and Zain Bahrain, when it starts operations in the island nation. Over the next 10 years, the Saudi company will aim to capture 20 percent of the telecom market in Bahrain, where the penetration rate is estimated to have exceeded 100 percent among the population of one million people.
More about the company
Address: King Abdulaziz Complex PO Box 87912 , Riyadh, SAUDI ARABIA

Saudi Telecom, STC

Joint stock

12 April 1998

Public

966 1 4525881

966 1 4525869

ecare@stc.com.sa

www.stc.com.sa

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Officers »
Board of Directors Position
Mohammed Bin Suliman Al Jaser
Chairman
Mohammed Bin Abdullah Al Kharashi
Vice Chairman
Mansour Bin Mahmoud Abdulghaffar
Board Member
Mohammed Bin Saad Al Shehri
Board Member
Mansour Bin Saleh Al Meman
Board Member
   
Management Position
Saud Bin Majed Al Daweesh
President
Khalid Bin Abulrahaman Al Jasir
Vice President - Strategic Affairs
Saad Bin Dhafir Al Kahtani
Vice President - Home
Humoud Bin Mohammed Al Kusayer
Vice President - Regulatory Affairs
Samir Bin Asaad Matbouli
Vice President - Enterprise
View all
Major Shareholders
Name Country
Public Pension Agency
Saudi Arabia
General Organization for Social Insurance - Saudi Arabia
Saudi Arabia
Public Investment Fund
Saudi Arabia
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