1 August 2023

• The investment echoes solutions and stc group’s growth and expansion strategy.

• This milestone comes as a continuation of the strategic partnership between solutions and US-based Nile.


Riyadh, Saudi Arabia, August 1, 2023 – Saudi Arabia-based solutions by stc, announced a strategic investment in next-generation enterprise networking provider Nile, based in the US, which has established a quick leadership position driving secure connectivity solutions delivered entirely as a service (“network as a service”). The investment is part of a global funding round that raised $175 million from various investors.

As the leader of digital transformation in the Kingdom, solutions set sights on new emerging technologies and investment opportunities to strengthen its value proposition, expand service portfolio and create value to clients and investors.

“This investment echoes solutions and stc group’s strategy to grow and expand capabilities in core ICT services and emerging technologies.” said Eng. Muataz Aldharrab, Chief Strategy Officer of solutions by stc. “Nile has built an incredibly strong team with extensive experience and have managed through innovation and design to gain the trust of many organizations in a very short time.”

“We value solutions’ investment and we are keen on building a strong relationship with solutions as a key partner in Saudi Arabia and the region.” said Pankaj Patel, CEO, and co-founder of Nile. “Together, solutions and Nile will work jointly to redefine enterprise networking with an initial focus on delivering secure wired and wireless services in Saudi and the whole region.”

The investment is announced shortly after solutions and Nile announced their strategic and exclusive partnership to deliver secure campus “NaaS” to customers in Saudi Arabia, Kuwait, Bahrain, Oman and Egypt.