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Category: Telecommunications

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.

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.

by | Jul 30, 2023 | ,

“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.”

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