Zamil Safwan | Saudi ICT News

stc Group acquires a 9.9% interest in Telefónica

Posted by Zamil Safwan | Sep 5, 2023 | Economy & Business, Telecommunications

Riyadh, 5 September 2023: stc Group announces that it has acquired a 9.9% interest in Telefónica...

HUAWEI CLOUD Summit Saudi Arabia Brings Together Industry Titans to Further the Digital Transformation Journey

Posted by Zamil Safwan | Sep 4, 2023 | Economy & Business

H.E. Eng. Haitham bin Abdul Rahman Al-Ohali, Deputy Minister at the Ministry of Communications...

Hyperpay Taps Paymentology’s payment processing platform in Saudi Arabia

Posted by Zamil Safwan | Sep 4, 2023 | Economy & Business

Announced Today At Seamless Saudi Arabia London, Riyadh – Monday, September 4, 2023...

Under the Patronage of H.E., the Governor of the Saudi Central Bank, The Kingdom is hosting ‘Seamless Saudi Arabia 2023’

Posted by Zamil Safwan | Aug 24, 2023 | Economy & Business

Saudi Arabia, Riyadh –August 24, 2023 Under the patronage of His Excellency Ayman Mohammed...

US-China Tech Competition: AI and Beyond

Posted by Zamil Safwan | Aug 24, 2023 | Artificial Intelligence

A recent study funded by the United States Department found that China has a “stunning...

Samsung announces “Back to More of What You Love” Campaign

Posted by Zamil Safwan | Aug 19, 2023 | Education & Training, Mobile Devices

As back-to-school season draws near, customers have a chance to enter a weekly raffle draw and win...

Zain KSA Realizes Record Half-Year Revenue and Net Profit

Posted by Zamil Safwan | Aug 8, 2023 | Economy & Business, Telecommunications

Achieving 687 Million Riyals in Net Profit Zain KSA achieved its highest half-year profit ever...

STC Group reports record-breaking semi-annual revenues of SAR 36.5 billion, an 8.17% increase, and announces a dividend of SAR 0.40 per share for Q2 2023.

Posted by Zamil Safwan | Jul 30, 2023 | Economy & Business, Telecommunications

“stc Group has announced record H1 2023 revenues of SAR 36.5 billion, marking an 8.17% increase from last year. The company will distribute dividends of SAR 0.40 per share for Q2 2023. Key strategic initiatives included the acquisition of 40% of ‘Devoteam Middle East’ and the arrival of the ‘2Africa’ submarine cable. The company also emphasized its commitment to digital entrepreneurship through the ‘InspireU’ accelerator. Profits from land sales are not included in these figures.”