Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Saudi Arabia
  4. Saudi Arabian Stock Exchange
  5. Saudi Telecom Company
  6. News
  7. Summary
    7010   SA0007879543

SAUDI TELECOM COMPANY

(7010)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Stc signs a partnership agreement with the Royal Commission for Al-Ula to develop the digital services strategy

11/02/2021 | 03:09am EST

Nov 02, 2021

stc signs a partnership agreement with the Royal Commission for Al-Ula to develop the digital services strategy

On the sidelines of the Future Investment Initiative in Riyadh and under "Investing in Humanity" as the title of the fifth edition of this year, stc has signed a strategic partnership with the Royal Commission for Al-Ula to develop and empower the governorate digitally and provide a unique digital experience for its visitors so that it is a fully smart city for human service.
The agreement included the provision of digital solutions to support the infrastructure to maintain the highest standards, to build and develop an integrated roadmap for this transformation, and to apply the concepts of smart cities at the highest level in harmony with the projects of the Royal Commission for Al-Ula and its development plans. The partnership also included collaboration opportunities to provide ICT services and all technologies related to cloud services, cybersecurity, and 5G services in Al-Ula.
The CEO of the Royal Commission for Al-Ula Eng. Amro bin Saleh Almadani, pointed out that the partnership with stc contributes, by planning and enhancing the digital infrastructure of smart cities, to achieve the Commission's objectives of improving services and improving quality of life for Al-Ula residents and people, in addition to providing the tourist with a unique interactive experience.
For his part, Chief Business Officer of Enterprise Business Unit Eng. Riyadh Muawad explained that this strategic partnership reflects stc's commitment to play its pivotal role in enabling and empowering digital transformation and providing digital solutions in various sectors in the Kingdom, pointing out that the governorate of Al-Ula is one of the main destinations in the Kingdom. We are also seeking with our partners in the Royal Commission for Al-Ula to achieving the desired transformation of the governorate of Al-Ula, while preserving its environmental and historical assets, transforming it into a digital city, focusing on infrastructure and tourism facilities, and ensuring a unique experience for its visitors.

Disclaimer

Saudi Telecom Company SJSC published this content on 02 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2021 08:08:04 UTC.


ę Publicnow 2021
All news about SAUDI TELECOM COMPANY
01/21Wrap-around displays help transform academy in Saudi Arabia
AQ
2021Saudi Sovereign Fund Prices $3.2 Billion Saudi Telecom Stake Sale at Lower End of Range
MT
2021Saudi Arabia Sovereign Fund to Sell 5% Stake In Saudi Telecom As Part Of IPO
MT
2021Saudi bourse operator Tadawul sets price range for up to $1 billion IPO
RE
2021تعلن شركة الات&..
PU
2021تعلن شركة الات&..
PU
2021تعلن شركة الات&..
PU
2021تعلن شركة الات&..
PU
2021تعلن شركة الات&..
PU
2021Saudi Telecom Company (stc) invites its shareholders to attend the ordinary General Ass..
PU
More news
Analyst Recommendations on SAUDI TELECOM COMPANY
More recommendations
Financials
Sales 2021 63 317 M 16 880 M 16 880 M
Net income 2021 11 602 M 3 093 M 3 093 M
Net cash 2021 7 733 M 2 062 M 2 062 M
P/E ratio 2021 21,1x
Yield 2021 3,69%
Capitalization 244 B 64 955 M 64 958 M
EV / Sales 2021 3,73x
EV / Sales 2022 3,57x
Nbr of Employees -
Free-Float 29,7%
Chart SAUDI TELECOM COMPANY
Duration : Period :
Saudi Telecom Company Technical Analysis Chart | 7010 | SA0007879543 | MarketScreener
Technical analysis trends SAUDI TELECOM COMPANY
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 122,00 SAR
Average target price 125,43 SAR
Spread / Average Target 2,81%
EPS Revisions
Managers and Directors
Olayan Mohammed Al-Wetaid Chief Executive Officer
Ameen Fahad ben Abdulaziz Al-Shiddi Chief Financial Officer
Mohammed Khaled Al-Abdullah Al-Faisal Chairman
Haithem Mohammed Mujil Al-Faraj Senior Vice President-Technology & Operations
Abdulaziz Abdullah Al-Qatie Vice President-Investment Operations
Sector and Competitors