Deals Counterparts

Saudi Telecom Company

company 1 Deal 1 Partner

Saudi Telecom Company (STC) is a leading digital enabler and telecommunications operator based in Riyadh, Saudi Arabia, providing mobile, broadband, and digital services, with significant investments in data centers, submarine cables, and tower infrastructure across the Middle East, North Africa, and parts of Europe.

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Founded 1998 20,000 employees
Telecommunications CompanyOperatorDeveloperInvestor

Strategic Overview

  • STC is strategically positioning itself as a regional digital hub, leveraging its geographic location for international connectivity through submarine cables and data centers.
  • The company is actively expanding its digital infrastructure footprint, both domestically and internationally, particularly in telecom towers through its subsidiary TAWAL.
  • Focus on diversifying beyond traditional telecom services into cloud, IoT, and digital payments (STC Pay) to drive future growth.

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Investment Focus

Technologies
Data Center1
Geography
Saudi Arabia1

Key People

Olayan M. Alwetaid
CEO
Mohammed K. A. Al-Faisal
Chairman

Track Record

26
Years Active
Notable projects: Extensive 5G network rollout across Saudi Arabia, Development of Center3 for data centers and submarine cables, Expansion of TAWAL's tower infrastructure into Europe

Detailed Analysis

Sectors
Digital/Telecom
Technologies
Mobile Networks (2G/3G/4G/5G)Fiber OpticsData CenterSubmarine CablesCloud ComputingIoT
Geographies
Saudi ArabiaKuwaitBahrainBulgaria (1 deal)Croatia (1 deal)Slovenia (1 deal)Middle EastAfrica
Deal Stage
GreenfieldBrownfieldOperating

Subsidiaries

STC KuwaitSTC BahrainSTC PayTAWALCenter3

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