TeleGeography Logo

stc looking to raise USD966m from STCS share offering

7 Sep 2021

Saudi Telecom Company (stc) is seeking to raise as much as SAR3.62 billion (USD966 million) from the planned initial public offering (IPO) of its products and services development arm Solutions by STC (STCS), also known as Arabian Internet and Communications Services Company. The company is planning to sell 24 million shares (20% of the total share capital) at a price of between SAR136 and SAR151, giving STCS a valuation of SAR18.1 billion. The Capital Market Authority (CMA) approved the planned IPO in June 2021.

Saudi Arabia, Saudi Telecom Company (stc)

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.