Empowering the
Digital Future

Theme of the Year

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Empowering the
Digital Future

Annual Report
2024

Annual
Report

2024

Key Operational Highlights

#1

IT services provider

22.7%

IT services market share in the Kingdom of Saudi Arabia

40%

Stake acquired in Devoteam Middle East

78.8%

Growth of solutions by stc’s stock price from initial IPO price (31 Dec 24)

Robust Financial Performance

Revenue

% 12,064

million

9.3% YoY

Net Profit

% 1,597

million

33.9% YoY

EBITDA

% 1,948

million

16.7% YoY

Earnings Per Share (EPS)

% 13.42

Our Talented Team

3,584

Group workforce

1,464

solutions by stc
workforce

64.1%

Saudization

19.3%

Female staff

42,124

Hours of training
provided

2,176

Online courses
completed by staff

1,084

Staff accessed training*
*Employees have the opportunity to participate in multiple training programs.

Strength of our Partnerships

171+

Partner base of technology
innovators

76.8%

Procurement spending on local suppliers

467

Local suppliers engaged

Expanding Geographic Reach