How We Create Value
How we create value:
We depend on:
Skills and expertise
Our talented team of 22,751 employees
Our brand
Recognized as one of the most valuable brands due to major diversification in our offerings.
Relationships and partnerships
We rely on constructive relationships with our stakeholders including customers, suppliers, investors, peers and regulatory authorities.
Natural resources
We rely on natural resources such as fuel and we also operate in water scarce areas.
Financial capital
Our financial performance is strong with y-o-y break record improvements.
Our vision:
Digital and telco leader, enabling the society and economy to thrive, in KSA and beyond.
Business activities:
We offer variety of ICT solutions and digital services in several categories including telecommunication, IT, financial technology, digital media, cybersecurity, and other advanced digital solutions, with that we are leading the digital transformation nationally and regionally.
Underpinned by our value:
Dynamism, Devotion, Drive
We create value for:
Our customers
We aspire to be a digital enabler, providing connectivity to break digital divides, serving millions of customers.
Our people
We provide an equal and inclusive work environment that attracts, develops, and retains the best individual talents.
Our planet
The ICT industry is a contributor to the global greenhouse emissions and we are committed to realizing our goal of net zero by 2050.
Local communities
Our approach to community investment is rooted in developing the communities around us through unique services, digital innovation, transformative technologies, and meaningful investments that go beyond regular corporate donations.
Our shareholders
In our journey to being the digital enabler in the region, we continue to grow shareholder value.
Assets and technology
Tangible assets (such as network infrastructure) and intangible assets such as technologies are key to connecting people.
Our strategy for success dare 2.0
stc’s dare 2.0 strategy balances a focus aimed at achieving both short- and long-term objectives. This strategy has significantly helped stc achieve a strong financial performance since its inception, while still maintaining an overall focus on investment in strategic initiatives and capabilities.
Generating positive ESG impacts through dare 2.0
stc’s dare 2.0 strategy robustly positions the Group as a pivotal enabler of the Kingdom’s Saudi Vision 2030, as well as a major driver of digital transformation within Bahrain and Kuwait.
Over the past year, we maintained connectivity leadership in KSA and throughout the Gulf region, achieving 5G coverage in an area that represents nearly half of the Saudi population (as of October 2023), which is substantial expansion of the 5G network across the Kingdom compared to the previous year.
Furthermore, stc Group’s environmental efforts have been formally recognized with receiving the Forbes Middle East Sustainability Leaders Award, highlighting the company’s broad commitment to reducing carbon emissions and promoting sustainable practices in climate, society, digitalization, and the future of work across KSA, Bahrain, and Kuwait.
