Log in
E-mail
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

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

SAUDI TELECOM COMPANY

(7010)
  Report
End-of-day quote. End-of-day quote Saudi Arabian Stock Exchange - 10/25
103 SAR   -2.83%
10/25S.Arabia's STC hires banks for IPO of subsidiary -sources
RE
10/25Saudi Arabia's STC hires banks for IPO of subsidiary -sources
RE
10/22SAUDI TELECOM COMPANY : quaterly earnings release
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Saudi Telecom : Arabia's STC asks banks to pitch for subsidiary IPO -sources

share with twitter share with LinkedIn share with facebook
09/15/2020 | 07:01am EDT

DUBAI, Sept 15 (Reuters) - Saudi Telecom Co (STC) has asked banks to pitch for roles in a potential public offering of its products and services development arm, three sources familiar with the matter told Reuters.

STC, Saudi Arabia's largest telecoms operator, sent a request for proposals to international and local banks last week for STC Solutions (STCS), said the sources, who declined to be identified as the matter is not public.

The company's valuation could be around 9 billion riyals ($2.4 billion), if it garners 18-20 times its earnings multiples, one of the sources said.

The IPO size could be around $500 million if the company sells 20%, the source said.

STC did not respond to a request for immediate comment when contacted by Reuters.

($1 = 3.7508 riyals) (Reporting by Hadeel Al Sayegh and Saeed Azhar; editing by Jason Neely)


share with twitter share with LinkedIn share with facebook
All news about SAUDI TELECOM COMPANY
10/25S.Arabia's STC hires banks for IPO of subsidiary -sources
RE
10/25Saudi Arabia's STC hires banks for IPO of subsidiary -sources
RE
10/22SAUDI TELECOM COMPANY : quaterly earnings release
10/22SAUDI TELECOM : stc's Net Profit for Q3 and 9 months period of 2020 compared to ..
PU
09/30STC : The reliable digital infrastructure has been key for business continuity i..
PU
09/15EXCLUSIVE : Saudi Arabia's STC asks banks to pitch for subsidiary IPO - sources
RE
09/15Saudi Arabia's STC asks banks to pitch for subsidiary IPO -sources
RE
09/15SAUDI TELECOM : Arabia's STC asks banks to pitch for subsidiary IPO -sources
RE
09/14SAUDI TELECOM : Vodafone says STC 'substantively' completed due diligence on Egy..
RE
09/14Vodafone in Talks With Saudi Telecom to Close Egypt Unit Sale
DJ
More news
Financials
Sales 2020 56 548 M 15 078 M 15 078 M
Net income 2020 11 177 M 2 980 M 2 980 M
Net Debt 2020 4 383 M 1 169 M 1 169 M
P/E ratio 2020 18,5x
Yield 2020 3,89%
Capitalization 206 B 54 932 M 54 929 M
EV / Sales 2020 3,72x
EV / Sales 2021 3,58x
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 98,41 SAR
Last Close Price 103,00 SAR
Spread / Highest target 4,85%
Spread / Average Target -4,46%
Spread / Lowest Target -13,6%
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