Overview
STC
Saudi Telecom Company (STC) is the leading provider of telecommunications services in the Kingdom of Saudi Arabia, and it is among the largest operators in the Middle East. The company establishes, manages, operates and maintains fixed and mobile telecommunication networks, systems and infrastructure. STC also operates a submarine communications cable system connecting Saudi Arabia and Sudan in Africa through Arab Submarine Cables Company. Majority
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Read More of its sales are generated from the Kingdom of Saudi Arabia.
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Read More of its sales are generated from the Kingdom of Saudi Arabia.
Read Less
Prince Mohammed K. A. ALFaisal
See more contacts
Management, Scientific, and Technical Consulting Services
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Wired and Wireless Telecommunications (except Satellite)
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Household Appliances and Electrical and Electronic Goods Merchant Wholesalers
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Telecommunications consultant
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Local and long distance telephone communications
See All Industries , Radiotelephone communication , Wire telephone , Telephone/video communications , Telephone cable service, land or submarine , Data telephone communications , Voice telephone communications , Online service providers , Internet connectivity services , Proprietary online service networks , Telephone and telegraphic equipment , Communication equipment Communications consulting
See Fewer Industries
See All Industries , Radiotelephone communication , Wire telephone , Telephone/video communications , Telephone cable service, land or submarine , Data telephone communications , Voice telephone communications , Online service providers , Internet connectivity services , Proprietary online service networks , Telephone and telegraphic equipment , Communication equipment Communications consulting
See Fewer Industries
Accounting, Tax Preparation, Bookkeeping, and Payroll Services
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Advertising, Public Relations, and Related Services
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Architectural, Engineering, and Related Services
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Computer Systems Design and Related Services
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Legal Services
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Other Professional, Scientific, and Technical Services
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Scientific Research and Development Services
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Specialized Design Services
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Estimated
$20.24 billion
Actual
5.73%
85.69%
$160,638
DEC
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Saudi:7010
Contacts
Get in Touch with 13 Principals*
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Prince Mohammed K. A. ALFaisalChairperson
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue 2024
$20.24 billion
USD
Actual
1 USD = 3.75 SAR
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $5,303 | $5,978 | $7,028 |
| Net Investing Cash | -$1,914 | -$7,569 | -$2,288 |
| Net Financing Cash | -$2,799 | $424 | -$2,201 |
| Net Change in Cash | $590 | -$1,167 | $2,539 |
| Cash at Beginning of Period | $3,566 | $4,734 | $2,208 |
| Cash at End of Period | $4,145 | $3,566 | $4,745 |
| Capital Expenditure | -$3,137 | -$2,552 | -$2,054 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $4,145 | $3,566 | $4,745 |
| Accounts Receivable | $5,926 | $5,707 | $6,181 |
| Inventories | $504 | $508 | $273 |
| Other Current Assets | $8,830 | $9,093 | $5,012 |
| Asset Summary | |||
| Total Current Assets | $19,405 | $18,874 | $16,211 |
| Tangible Fixed Assets | $11,431 | $14,025 | $13,247 |
| Intangible Assets | $3,701 | $3,783 | $3,060 |
| Total Assets | $160,638 | $159,646 | $137,220 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $2,257 | $2,023 | $1,837 |
| Short-Term Debt | $104 | $2,218 | $74 |
| Other Current Liabilities | $8,027 | $8,459 | $7,796 |
| Liability Summary | |||
| Total Current Liabilities | $10,388 | $12,699 | $9,707 |
| Long-Term Debt | $3,931 | $3,638 | $2,724 |
| Other Long-Term Liabilities | $1,026 | $1,142 | $999 |
| Total Liabilities | $18,174 | $20,835 | $16,318 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $13,333 | $13,333 | $13,333 |
| Retained Earnings | $10,253 | $7,326 | $2,921 |
| Equity Summary | |||
| Total Equity | $23,844 | $21,063 | $19,600 |
| Shares Outstanding | 4,986,916,000 | 4,984,506,257 | 4,982,178,000 |