Page 21 - SAMENA Trends - September 2021

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

MEMBERS NEWS

Saudi Telecom Commits to Minimum Dividend
Policy for 3 Years

The board of Saudi Telecom Co. (STC) dividend of 1 riyal ($0.26) per share per This one-off dividend may differ on a
approved a three-year dividend policy with quarter for the next three years. The telco quarterly basis, based on the company’s
effect from Q4-2021, continuing its policy will also consider paying additional, one- performance, it added. The telecoms
of committing a fixed minimum dividend. off dividend, subject to the board approval, provider, the largest in Saudi Arabia, has
The telecom operator said in a bourse assessment of financial situation, outlook committed to such a policy since 2016.
filing that it will pay a fixed minimum and capital expenditure requirements.

stc and Dawiyat Integrated, Signed Partnership Agreement to Cooperate in
Providing IoT, Digital Infrastructure, and Services to Business Customers

stc and Dawiyat Integrated Telecomm- rapid application development features, by increasing IoT and M2M offerings in
unications and Information Technology reduced time to deployment and out of the many industries. Dr. Ahmed Sindi, CEO of
Company, fully owned subsidiary company box IoT analytics and dashboard to see the Dawiyat Integrated, said: We are excited to
of Saudi Electricity Company (SEC), will complete picture of their IoT data. stc will strengthen our cooperation with STC. This
collaborate to further develop the Internet provide Dawiyat with access to its mobile agreement will help Dawiyat to create IoT
of Things (IoT) ecosystem in the country. network including low power wide area capabilities and innovative solutions to
stc network coverage and Dawiyat’s vision (LPWA) technologies all over the Kingdom serve our customers. Dawiyat’s platform
and digital capabilities will together help in meeting the demand of connected devices. will drive IoT across key industries like
building next generation IoT services. This stc wide mobile network coverage will allow Energy, Government, Healthcare, Utilities,
agreement will allow Dawiyat to use the best wireless connectivity for indoor and Manufacturing, Transport and Automotive.
data bandwidth and wireless stc network outdoor sensors and devices to connect These companies will be able to track
on wholesale basis hence enabling with Dawiyat robust IoT platforms, allowing assets and improve logistics; and gather
Dawiyat to offer a whole range of vertical customers to accelerate their IoT footprint data from smart city applications to make
solutions including those for the energy expansion and transform their businesses. peoples’ lives easier. They can also improve
sector and Smart City services including Mohammed Alabbadi, Chief Wholesale service for their customers by automating
smart metering, smart grid, connected Officer at stc, said: We at stc are proud manual functions, from meter readings to
cars, smart safety and security and health to build a community of VNOs (Virtual security measures. The move will bolster
solutions to businesses and citizens. Network Operators) to meet the growing Saudi Arabia’s IoT adoption across SMEs,
The strategic collaboration will also needs of customers in the Kingdom of large organizations, and the government.
enable Dawiyat to address complex IoT Saudi Arabia. This agreement with Dawiyat This reflects our efforts to enhance
implementations for organizations in the Integrated comes in line with Vision 2030 of the Kingdom’s position as a regional
country. These businesses will benefit from increasing digitization in the Saudi market innovation hub in support of Vision 2030.

21 SEPTEMBER 2021