Page 16 - SAMENA Trends - June-August 2021

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

MEMBERS NEWS

stc Ranked Top Mobile Operator in KSA by Speed
and Coverage

Ookla, the global leader in mobile network, Ookla also uses Speedtest to measure the networks of stc Kuwait and stc
internet and data testing and analysis, mobile network and internet performance Bahrain cover the cities of Kuwait and
and provider of accurate and reliable and quality, providing data and insights Manama, which also ranked seventh and
reports on performance and coverage of into country trends and an analysis fifteenth fastest capitals respectively.
global networks, has announced that stc on drivers of market developments.
was named Speedtest Award Winner for As per its report specialized in the analysis
mobile network speed during Q1-Q2 2021, of performance and availability of 5G
achieving Speed Score of 111.74. Further, networks in major cities around the world,
stc was named KSA Speedtest Award Ookla recently announced Riyadh to rank
Winner for the best coverage among the sixth among the fastest capitals globally in
mobile operators in Saudi Arabia, achieving 5G network performance in the first half of
Coverage Score of 842. These results are 2021, with an average download speed of
based on Ookla's speed and coverage 384.66 Mbps, following the Swedish capital
metrics, after comparing 3.33 million tests Stockholm. This constitutes a remarkable
on iOS and Android mobile applications success reflecting the KSA’s efforts to
across the local mobile operators. develop the CIT infrastructure and its
When analyzing operators, Ookla solely support for the digital transformation
considers top operators selected in 3% process. This ranking reflects stc Group’s
or more of total testing samples across success and role in building an advanced
the market for the entire award period. 5G network in the Middle East; particularly,

stc’s Net Income for Q2 and First Half of 2021 Compared to the Comparable
Quarter and First Half of 2020

In accordance with the approved dividend history, which is a direct result of the dis- ments, stc has topped the list of the best
policy for three years starting from the tinguished performance of all business telecommunications companies in the re-
4th quarter 2018, which was announced units, and the group's subsidiaries, which gion according to the ranking by the global
on 16 December 2018, and has been rat- reflected positively on the financial results. magazine “Forbes”. stc has been ranked
ified during the Extra Ordinary General The Enterprise business unit achieved first as the strongest telecommunications
Assembly Meeting on April 24th 2019, stc an increase in revenues for the period by company in the Middle East and North Af-
will distribute a total of SR 2,000 million in 29.3% thanks to the company's ability to rica. stc also is among the top 44 digital
cash dividend for Q2 2021, representing provide innovative products and services companies in the world. stc, through the
SR 1 per share. The eligibility of dividends that meet the needs of the public and pri- digital payments company “stc pay”, was
shall be for the shareholders at the close vate sector. As for the Wholesale business able to obtain the license approval of the
of trading on Thursday 05/08/2021 cor- unit, revenues for the period increased by Council of Ministers on 12-11-1442 AH
responding to 26/12/1442 H and as per 5.5%, as a result of stc’s investments in in- corresponding to 22-06-2021 for stc pay
the registered shareholders in the regis- frastructure, which is starting to positively to become one of the first digital banks in
ter of The Securities Depository Center reflect on the unit’s results. The Consumer the Kingdom of Saudi Arabia. This reflects
Company at the end of the 2nd trading business unit also contributed positively stc’s success in achieving its ambitious
day following the eligibility date. Dividend to the results for the period as a result of strategy "Dare 2.0", which aims to grow in
distribution date will be on 26/08/2021 an increase in operating lines by 3.4%, an new, unconventional paths and play a piv-
corresponding to 18/01/1443H.Comment- increase in fixed wireless access subscrib- otal role in digital transformation and digi-
ing on these results, Eng. Olayan Moham- ers by 6.1%, and an increase in demand tal empowerment for the public and private
med Alwetaid, stc Group CEO, stated that for fiber-optic services, which led to an in- sectors and in line with the goals of the
the company has achieved the highest crease in the subscriber base by 20.8%.As Kingdom's Vision 2030 towards a prosper-
quarterly and semi-annual revenues in its a continuation of the company's achieve- ous and diversified economy. The Arabian

16 JUN-AUG 2021