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MarketScreener Homepage  >  Equities  >  Saudi Arabian Stock Exchange  >  Saudi Telecom Company    7010   SA0007879543

SAUDI TELECOM COMPANY

(7010)
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Saudi Arabia's STC hires banks for IPO of subsidiary -sources

10/25/2020 | 04:22am EST

DUBAI, Oct 25 (Reuters) - Saudi Telecom Co (STC) has hired banks to arrange a potential initial sale of shares in its products and services development arm, Solutions by STC, three sources familiar with the matter told Reuters.

STC, Saudi Arabia's largest telecoms operator, has appointed HSBC, Morgan Stanley and the investment banking arm of Saudi lender National Commercial Bank to advise on the sale, said the sources, who declined to be identified as the matter is not public.

STC, HSBC, Morgan Stanley and NCB Capital did not immediately respond to a request for comment when contacted by Reuters on Sunday. (Reporting by Hadeel Al Sayegh and Saeed Azhar; Editing by Catherine Evans)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HSBC HOLDINGS PLC 1.29% 411.6 Delayed Quote.-31.39%
MORGAN STANLEY 2.35% 63.28 Delayed Quote.23.79%
SAUDI TELECOM COMPANY 0.37% 107.8 End-of-day quote.5.89%
THE NATIONAL COMMERCIAL BANK -0.94% 42.25 End-of-day quote.-14.21%
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More news
Financials
Sales 2020 58 248 M 15 530 M 15 530 M
Net income 2020 11 022 M 2 939 M 2 939 M
Net Debt 2020 4 769 M 1 272 M 1 272 M
P/E ratio 2020 19,4x
Yield 2020 3,72%
Capitalization 215 B 57 329 M 57 326 M
EV / Sales 2020 3,77x
EV / Sales 2021 3,69x
Nbr of Employees -
Free-Float 30,0%
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 100,39 SAR
Last Close Price 107,60 SAR
Spread / Highest target 18,0%
Spread / Average Target -6,70%
Spread / Lowest Target -17,3%
EPS Revisions
Managers
NameTitle
Nasser Sulaiman A. Al-Nasser Group Chief Executive Officer
Mohammed Khaled Al-Abdullah Al-Faisal Chairman
Haithem Mohammed Al-Faraj Senior VP-Technology & Operations
Ameen Fahad ben Abdulaziz Al-Shiddi Chief Financial Officer
Ibraheem Abdul Rahman Hamd Al-Qadi Independent Director
Sector and Competitors