Presenting solutions by stc’s Annual Report for 2022, which covers the performance of the Company during the year ended 31 December 2022. We aim to provide a balanced view of the Company’s performance by communicating material information in a concise but comprehensive manner.

The Strategic Report provides an overview of our business and offerings; the context in which we operate; details of our stakeholders and how we engage them; description of our business model to create value for our stakeholders; progress against our strategic framework for sustainable growth; and an exploration of our material risks and the Company’s response.

The Performance Report outlines solutions by stc’s performance during the year under review, measured against a number of standardized indicators and metrics.

The Governance Report forms the Report of the Board of Directors.

Reporting scope and boundary

The Report covers the operations of solutions by stc, duly identified as the “Company”, “solutions by stc”, or “Organization”. Key financial aspects and non-financial aspects are discussed in the context of the Company. The solutions by stc Annual Report 2022 covers the 12-month period from 1 January 2022 to 31 December 2022.

Reporting frameworks

solutions by stc’s Annual Report 2022 draws from the following reporting concepts, principles, and guides:

• The Integrated Reporting Framework, prepared by the International Integrated Reporting Council (IIRC), now part of the IFRS Foundation.
• The Integrated Thinking Principles, prepared by the Value Reporting Foundation, now part of the IFRS Foundation.
• The Capital Market Authority (CMA) Listed Companies Guide, which provides guidance on material necessary for the Board Report in accordance with requirements of the Corporate Governance Regulations, Companies Law, and Regulatory Rules and Procedures.
• The Software & IT Services Sustainability Accounting Standards prepared by the Sustainability Accounting Standards Board (SASB), now part of the IFRS Foundation.

Compliance

solutions by stc is committed to compliance in operations, investments, and all business activities.

Queries

We welcome your comments and queries on this Report and we invite you to direct them to:

solutions by stc

Address: PO Box 50
Post Code: 11372
Phone: +966 115 251 111
Fax: +966 114 601 110
Email: IR@solutions.com.sa

View our Annual Report online at:
https://solutions.com.sa/report-investor-relations/annual-report-2022/index.html