solutions by stc is the undisputed leader in the Saudi Arabian ICT services market, holding a dominant market share of 22.7%. The company is well-positioned to capitalize on lucrative consolidation opportunities in the Kingdom’s fragmented IT landscape. With a strong local content score of 41.3%, solutions by stc continues to reinforce its role as a key driver of digital transformation in the region.

With a robust pipeline of projects and a long-standing partnership with stc, solutions by stc has built a strong and diversified portfolio that underpins its sustained growth. The company boasts an impressive win ratio of over 60%, reflecting its ability to secure and execute high-value contracts across various industries.

solutions by stc consistently delivers strong financial performance, achieving a return on invested capital (ROIC) of 34.3% in 2024, well above its cost of capital. This exceptional value creation highlights the company’s ability to generate high returns for its stakeholders while maintaining a disciplined approach to investment and growth.

With an organic CAPEX-to-revenue ratio of just 2.1% in 2024, solutions by stc operates an asset-light business model that enables scalability and operational efficiency. This strategic approach allows the company to maximize profitability while maintaining flexibility in a rapidly evolving digital landscape.

solutions by stc generated % 1.2 billion in free cash flow (FCF) in 2024, with an impressive FCF conversion rate of 61%. This strong cash flow generation supports the company’s ability to invest in growth opportunities, fund strategic initiatives, and enhance shareholder returns.

For 2024, the Board of Directors has recommended an ordinary dividend of % 8.0 per share, along with a special dividend of % 2.0, implying a total payout of 75% and a 67% year-on-year growth, in line with the company’s progressive dividend policy and reinforcing its commitment to sustainable shareholder value.

solutions by stc maintains a solid financial position, ending 2024 with a net cash balance of % 3.0 billion – equivalent to 1.5 times its 2024 EBITDA. This strong balance sheet provides the company with the financial resilience to pursue strategic investments while maintaining financial stability.

The company follows a disciplined capital allocation strategy focused on high-return organic CAPEX, value-accretive mergers and acquisitions, and strategic public private partnerships. With a commitment to progressively increasing dividends, solutions by stc continues to enhance long-term value creation for its stakeholders.