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    7010   SA0007879543

SAUDI TELECOM COMPANY

(7010)
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End-of-day quote. End-of-day quote Saudi Arabian Stock Exchange - 09/22
130.6 SAR   -0.31%
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Saudi Telecom : SAFEIS launches Gamers Without Borders initiative with stcplay

07/13/2021 | 10:03am EDT

Jul 13, 2021

SAFEIS launches Gamers Without Borders initiative with stcplay

For the second consecutive year, the Saudi Arabian Federation for Electronic and Intellectual Sports (SAFEIS) launched the global Gamers Without Borders charity initiative, with the participation of stcplay as a title sponsor. The initiative started on 7 June and will last until 8 August 2021, with total prizes amounting to up to $10 million and proceeds going entirely toward efforts to combat the covid-19 pandemic.
This huge global event draws several gamers and gaming fans from across the world, with all eyes turned to the top competing clubs. Elite professional gamers and celebrity guests from the world of sports and entertainment will also take part This year's No One Left Behind edition aims to help vulnerable countries in the rollout of vaccines through the donation of prizes to the King Salman Humanitarian Aid and Relief Center, which will in turn donate them to global charities helping in vaccine rollout to these vulnerable countries across the world, namely GAVI, UNICEF, Direct Relief, and the International Medical Corps.
The event will include tournaments for several games, such as Rocket League, FIFA 21, CS:GO, Rainbow Six Siege, PUBG Mobile, and Fortnite. Additionally, the initative will host several talk shows and meet-and-greets and over 300 community tournaments, along with an educational platform. These will pave the way for thousands to kickstart their own e-sports and gaming journeys.
This charity initiative is in line with stc's strategy as a digital company that constantly seeks to adopt initiatives with long-lasting impact, including enabling the youth, training talents, and reinforcing community development according to a well-rooted sustainable development concept, so as to keep pace with Vision 2030 objectives. It should be noted that the stcplay platform, which supports all gamers and gaming enthusiats of all levels, be they amateurs or professionals, will enable the e-sports community to manage activities and initiatives, and to participate through a distinctive digital experience that is consistent with SAFEIS programs and initiatives in all relevant future programs and initiatives, which will seek to provide chances to create future talents in this field

Disclaimer

Saudi Telecom Company SJSC published this content on 13 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2021 14:02:10 UTC.


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Sales 2021 62 134 M 16 566 M 16 566 M
Net income 2021 11 713 M 3 123 M 3 123 M
Net cash 2021 4 375 M 1 167 M 1 167 M
P/E ratio 2021 21,6x
Yield 2021 3,50%
Capitalization 261 B 69 527 M 69 538 M
EV / Sales 2021 4,13x
EV / Sales 2022 3,93x
Nbr of Employees -
Free-Float 23,7%
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Number of Analysts 11
Last Close Price 130,60 SAR
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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
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