News and Announcements

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Financial results for first half of 2022

Arabian Internet and Communication Services Company (solutions by stc) today announced its financial results for the first half of this year, posting SAR 556 million in net profit, which marks an increase of 21% over the same period in 2021.

solutions by stc Receives Integrated Performance Excellence Award

solutions by stc received the award after scoring high on The KPI Institute’s Integrated Performance Maturity Model Framework v2.0.

Prince Mohammed Bin Salman Nonprofit city appoints solutions by stc to Implement Smart City strategy

Prince Mohammed Bin Salman Nonprofit City has appointed solutions by stc, the kingdom’s leading IT services provider and digital transformation enabler, to implement the Smart City strategy, which is central to realizing the City’s vision of being a human-centered, advanced digital community.

solutions Net Profit Rises in First Quarter of 2022

The Saudi company’s first quarter net profit, after tax and Zakat, rose to SAR 283 million, up from SAR 205 million in same period last year, representing a year-on-year increase of about 38%, or SAR 78 million.

solutions announces 2021 annual financial result

Arabian Internet and Communication Services Company (solutions) announced today its 2021 annual financial results with a SAR 131 million increase in net profit compared to 2020. This, the company reported, was primarily due to an increase in gross profit by 20.1% (SAR 286 million) as a result of a 13.4% (SAR 924 million) rise in revenue with an increase in revenue cost by 11.7% (SAR 638 million).