Annual Report
2023
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Key Operational Highlights
#1
IT services provider
22.7%
IT services market share in the Kingdom of Saudi Arabia
100%
Stake acquired in ccc with an enterprise value of SAR 450 million
132%
Growth of solutions by stc’s stock price from initial IPO price
Robust Financial Performance
Revenue
11,040
SAR million
25.4% YoY
EBITDA
1,669
SAR million
19.9% YoY
Net Profit
1,192
SAR million
13.2% YoY
Earnings Per Share (EPS)
10.02
Payout Ratio
60%
ESG Highlights
200%
Increase in training hours per employee
Launched Quality Monitoring and Control System (AQMCS), for real-time air quality analysis
Delivering Value to our Customers
Received multiple customer service and customer experience awards
Best Quality in Customer Experience
Best Diversity and Inclusion Program
Strength of our Partnerships
170+
Partner base of technology innovators
70%
Procurement spending on local suppliers
462
Local suppliers engaged
Our Talented Team
1,777
Workforce
67%
Saudization
19%
Female staff
100,300+
Hours of training provided
4,330
Online courses completed by staff
1,791
Staff accessed training*
*Employees have the opportunity to participate in multiple training programs.
Where We Operate
Presence across the Kingdom to serve the needs of our customers.
Sales and services delivery offices covering the 5 major cities in the Kingdom.
Investor Relations Department
Address: P.O. Box: 50, Riyadh 11372, Kingdom of Saudi Arabia
Business Tel: + 966 (11) 5251111
Fax: + 966 (11) 4601110
Email: IR@solutions.com.sa