Saudi Telecom is one of the leading telecom operators in the region and has grown to be a keenly customer-centric and competitive player. One of the largest companies by market value, STC since its establishment in 1998 has delivered a range of positive results that have delivered better service to more customers. This has been achieved through an ambitious Transformation & Restructuring Program compounded with an extensive expansion of the telecom network and infrastructure. By the end of 2002, the Saudi government announced that 30% of Saudi Telecom shares would be released for sale to Saudi citizens and organizations: Saudi citizens (20%), General Organization of Social Insurance (GOSI) (5%), and Pension Fund Organization (5%). By the end of the subscription period, requests for shares exceeded the number offered by 3.5 times. This was a clear indication that Saudi people are confident of Saudi Telecom’s success and have trust in its future. STC is currently embarking upon massive expansion efforts and has already secured large stakes in some of the leading telecom companies in the SAMENA region.
King Abdul Aziz Complex for Telecom,
Mursallat, Riyadh, 11652,
Kingdom of Saudi Arabia