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Sunday, 08 November 2009 | 15:38 UAE time

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Saudi Telecom Company

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As of 8 Nov 2009 07:38 GMT (Market Closed)

COMPANY DESCRIPTION

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.

KEY INFORMATION

Industry

Fixed Line Operators, Internet Service Providers, Mobile Network Operators

Address

King Abdulaziz Complex, 87912, Riyadh, Saudi Arabia

T

966 1 4525881

F

966 1 4525869

E

ecare@stc.com.sa

W

www.stc.com.sa

COMPANY OVERVIEW

Ownership Type Established on Employees
Public Joint stock 12 April 1998 -

MAJOR SHAREHOLDERS

NameCountry
General Organization for Social Insurance - Saudi Arabiacompanies6.7Saudi Arabia
Public Pension Agencycompanies6.5Saudi Arabia
Public Investment Fundcompanies70Saudi Arabia

PORTFOLIO

NameCountry
Arab Satellite Communications OrganizationSaudi Arabia
Arab Submarine Cables CompanySaudi Arabia
Arabian Internet and Communications Services CompanySaudi Arabia
Binariang GSM HoldingMalaysia
Oger TelecomUAE
PT Natrindo Telepon SelulerIndonesia
Tejari - Saudi ArabiaSaudi Arabia
Kuwait Telecommunications CompanyKuwait

OFFICERS

BOARD OF DIRECTORSPosition
Mohammed Bin Suliman Al JaserChairman
Mohammed Bin Abdullah Al KharashiVice Chairman
Mansour Bin Mahmoud AbdulghaffarBoard Member
Mohammed Bin Saad Al ShehriBoard Member
Mansour Bin Saleh Al MemanBoard Member
Abdulaziz Bin Habdan Al HabdanBoard Member
Mohammed Bin Omran Al OmranBoard Member
Khaled Abdulrahman Saleh Al RajhiBoard Member
Abdulrahman Bin Abdulaziz MaziBoard Member
MANAGEMENTPosition
Saud Bin Majed Al DaweeshPresident
Khalid Bin Abulrahaman Al JasirVice President - Strategic Affairs
Saad Bin Dhafir Al KahtaniVice President - Home
Humoud Bin Mohammed Al KusayerVice President - Regulatory Affairs
Samir Bin Asaad MatbouliVice President - Enterprise
Saad Bin Ahmed DemyatiVice President - Wholesale
Jamil Bin Abdullah Al MulhimVice President - Personal
Ziad Bin Thamir Al OtaibiVice President - Network
Salah Bin Mohammed Al ZamilVice President - Human Resources
Omer Bin Mohammed Al TurkiVice President - Shared Services
Ameen Bin Fahad Al ShiddiVice President - Finance
Ibrahim Bin Salih Al DhobaieVice President - Information Technology
Khaled Mohammed Al SolaiChief of Audit

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