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    7010   SA0007879543

SAUDI TELECOM COMPANY

(7010)
  Report
End-of-day quote. End-of-day quote Saudi Arabian Stock Exchange - 07/15
126.2 SAR   -0.79%
07/13SAUDI TELECOM : SAFEIS launches Gamers Without Borders initiative with stcplay
PU
06/30SAUDI TELECOM : Granted Regulatory Approval for Subsidiary IPO
MT
06/29Saudi Telecom Gets Approval for Planned IPO of Unit
CI
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

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

10/25/2020 | 04:22am EDT

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 0.22% 401.6 Delayed Quote.5.77%
MORGAN STANLEY -0.91% 94.705 Delayed Quote.39.46%
SAUDI TELECOM COMPANY -0.79% 126.2 End-of-day quote.19.06%
THE SAUDI NATIONAL BANK -0.89% 55.5 End-of-day quote.28.03%
All news about SAUDI TELECOM COMPANY
07/13SAUDI TELECOM : SAFEIS launches Gamers Without Borders initiative with stcplay
PU
06/30SAUDI TELECOM : Granted Regulatory Approval for Subsidiary IPO
MT
06/29Saudi Telecom Gets Approval for Planned IPO of Unit
CI
06/27BARCELONA : Saudi Arabia ranks first worldwide in the response to COVID-19 pande..
PU
06/23SAUDI TELECOM : Chairman of stc and the CEO Acknowledge the Saudi Leadership for..
PU
06/23Saudi Digital Payments Company Limited announced that it expects to receive S..
CI
06/22Sovereign Fund PIF Reportedly Considers Saudi Telecom Stake Sale
CI
06/13SAUDI TELECOM : Stc and RPMANetworks extend their partnership for NEOM LINC_Air&..
PU
06/02Saudi Telecom Company Approves Forming of the Audit Committee
CI
05/30Most major Gulf markets fall, Saudi bucks trend
RE
More news
Financials
Sales 2021 61 451 M 16 384 M 16 384 M
Net income 2021 11 283 M 3 008 M 3 008 M
Net cash 2021 4 265 M 1 137 M 1 137 M
P/E ratio 2021 22,1x
Yield 2021 3,49%
Capitalization 252 B 67 187 M 67 192 M
EV / Sales 2021 4,03x
EV / Sales 2022 3,90x
Nbr of Employees -
Free-Float 29,9%
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
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Last Close Price 126,20 SAR
Average target price 116,80 SAR
Spread / Average Target -7,45%
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 Al-Faraj Senior Vice President-Technology & Operations
Abdulaziz Abdullah Al-Qatie Vice President-Investment Operations
Sector and Competitors