Page 17 - SAMENA Trends - June-August 2021
P. 17

REGIONAL & MEMBERS UPDATES  SAMENA TRENDS

        internet  and  Communications  Services   accelerating  the  performance  of  assets.  most regions  of the Kingdom,  and these
        Company  "solutions  by  stc"  obtained  the   Lastly and despite all the challenges faced   achievements are the result of continuous
        approval  of  the  Capital  Market  Authority   due  to  Covid-19,  stc  has  succeeded  in   efforts in developing the network systems
        to offer 24,000,000 shares for public sub-  maintaining  its  outstanding  performance   and  infrastructure.  After  5  years  full  of
        scription representing (20%) of its shares.   and  achieving  growth  in  most  of  its   achievements  in  digital  transformation
        This  will  enable  the  company  to  achieve   sectors.  It  has  also  been  able  to  provide   and  integrated  infrastructure,  stc  will
        its strategy and goals that seek to develop   support to the public and private sectors,   continue  its  efforts  to  develop  a  reliable
        and the information technology and digital   enabling  them to  digitally  transform,   and  advanced  digital  network  and
        services sector. The offering of Solutions   preserve  their  business,  and  create  new   infrastructure  enabling  the  Kingdom
        by  stc  is  also  in  line  with  stc's  strategy,   investment  opportunities.  In  addition,  stc   of  Saudi  Arabia  to  become  a  leading
        which aims to expand the scale and scope   was  able  to  build  the  largest  advanced   regional center for digital services through
        and maximize returns for shareholders by   5G  network  in  the  Middle  East  covering   innovative projects and global partnerships.

        There is a Great Deal the Telecom Industry Can Do Together to Contribute
        to a Low Carbon Economy: stc Group CEO



                                                                                 will  reduce  our  energy  consumption  and
                                                                                 will  include  better  energy  management,
                                                                                 monitoring,  and  reporting  –  with  clear
                                                                                 benchmarks  and  KPIs.  We  will  also
                                                                                 develop  renewable  energy  generation
                                                                                 at  our  campus  and  facilities  throughout
                                                                                 Saudi Arabia. What’s more we will ensure
                                                                                 energy efficiency in our existing buildings
                                                                                 and  assets  and  finally  new  buildings
                                                                                 will  be  designed  and  built  with  energy-
                                                                                 saving features.” He added: "Saudi Arabia
                                                                                 has  committed  to  generating  50%  of
                                                                                 electricity  through  renewable  resources
                                                                                 by  2030  and  to  reach  the  environmental
                                                                                 targets  organizations  will  be  expected  to
                                                                                 collaborate and work together  to achieve
                                                                                 KSA’s  sustainability  goals.  Eng.  Alwetaid
                                                                                 was  asked  about  the  collaborations
                                                                                 stc  has  planned  with  its  investors.
                                                                                 “Stakeholder  engagement  is  an  integral
                                                                                 part  of  our  approach.  By  engaging  with
        stc Group CEO stc Eng. Olayan M. Alwetaid   progress on the remaining obstacles and   our  key  stakeholders,  we  make  sure  that
        confirmed stc’s commitment to providing   positive  actions  needed  to  address  the   we address the issues of most importance
        a  service,  which  is  as  environmentally   climate  crisis,  particularly  as  the  mobile   to  the  business,  both  in  our  strategic
        friendly,   and   to   adopt   integrated   industry  is  one  of  the  most  advanced   approach  and  in  our  reporting.  We  have
        sustainable  practices  into  every  aspect   in  terms  of  laying  out  its  commitments   made  excellent  progress  in  aligning  our
        of  our  business.  “We  understand  that  as   towards  net  zero  by  2050.Alwetaid  gave   disclosures  with  international  standards
        a  MENA  digital  enabler  we  have  a  duty   his thoughts on a number of environmental   such as GRI, SASB, national standards, and
        to our country in Saudi Arabia and to our   issues  in  the  debate  stating  that  stc   the requirements of sustainability indices
        customers  to  ensure  we  are  operating  in   has  been  playing  a  pivotal  role  in  Saudi   and rating agencies.” He continued, “First
        a  sustainable  manner.”  Alwaetaid  said   Arabia’s  digital  transformation,  which   and  foremost,  mobile  communications
        while speaking in We Act For Impact" panel   has  seen  the  Kingdom  launch  a  number   are  the  key  enabling  factor  in  SMART
        discussion during MWC Barcelona 2021, he   of  digital  projects  including  the  roll  out   technologies  and  applications;  it  enables
        was among environmental experts and ICT   and  implementation  of  stc  advanced  5G   IoT  and  AI-based  infrastructures  through
        infrastructure  development  leaders  who   technology. He said: “stc is committed to   high-speed  connectivity  and  low-latency,
        met  to  discuss  sustainability  progress  at   reducing its carbon footprint and become   real-time  edge-computing  applications.
        the Green Agenda: We Act For Impact open   a  green  network  operator,  and  we  have   At  stc,  we  also  plan  to  reduce  emissions
        panel  session  during  the  Mobile  World   taken  several  steps  to  achieve  this  goal   through  a  combination  of  engagements
        Congress (MWC) Barcelona 2021. Through   and reach Net Zero. We have developed a   with  our  partners  in  the  value  chain  and
        open dialogue, the panel discussion asked   Sustainable  Energy  Framework  designed   by  developing  e-services  that  reduce
        ICT  industry  leaders  to  assess  the  latest   to  take  us  through  2030.  These  steps   carbon  emissions  by  providing  services

                                                                                                    17    JUN-AUG 2021
   12   13   14   15   16   17   18   19   20   21   22