Theme of the Year
Empowering the
digital future
This year has been one of transformative achievements for solutions by stc, marked by innovation, strategic growth, and meaningful impact. Through its commitment to continuous improvement and strategic collaboration, solutions by stc has continued to reshape the digital landscape, driving progress that resonates across industries and communities. solutions by stc’s efforts have consistently delivered value, building a stronger, smarter, and more connected future.
solutions by stc has spearheaded initiatives that empower businesses, institutions, and individuals to thrive in a world defined by rapid technological change. From enhancing digital infrastructure to introducing pioneering technologies, solutions by stc has aligned with national goals to support sustainable growth and innovation. solutions by stc’s work reflects a clear focus on enabling partners and stakeholders to achieve their aspirations while contributing to the Kingdom of Saudi Arabia’s broader transformation.
Every milestone reached this year underscores solutions by stc’s dedication to delivering solutions that matter while empowering the digital future. By advancing AI, connectivity, and cloud capabilities, solutions by stc has continued to strengthen its offerings while reinforcing the Kingdom of Saudi Arabia’s position as a leader in global digital innovation. By creating opportunities, fostering resilience and embracing bold possibilities, solutions by stc remains unwavering in its ambition to drive the Kingdom of Saudi Arabia’s digital transformation and deliver a lasting impact.
Digital Future
Theme of the Year
Watch our video
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
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