Saudi Telecom Company was incorporated in 1998, following the Council of Ministers’
Decree No. 213 dated 23/12/1418 H, approving of the establishment of a Saudi Stock
Company under the name of “Saudi Telecom Company”
Decree No. 213 dated 23/12/1418 H, approving of the establishment of a Saudi Stock
Company under the name of “Saudi Telecom Company”
Accordingly, STC adopted a challenging program aiming to transform its business from
government system to the recognized commercial business standards. The company
has developed clear strategies focusing on internal re-organization, re-skilling and
development of its staff, enhancement of its internal processes and studying
its customers’ needs and requirements while continuing carrying out its national
and social duties and responsibilities
government system to the recognized commercial business standards. The company
has developed clear strategies focusing on internal re-organization, re-skilling and
development of its staff, enhancement of its internal processes and studying
its customers’ needs and requirements while continuing carrying out its national
and social duties and responsibilities
STC is the leading national provider of telecommunication services in the
Kingdom of Saudi Arabia. The company is working continuously to fulfill and
satisfy the market requirements, keeping pace with the emerging technologies
in the telecommunications sector and satisfying its customer's needs. STC
has put in its consideration that, this is the way to reinforce its position and
identity in view of a changing world where the role and usage of
telecommunications became more significant
Kingdom of Saudi Arabia. The company is working continuously to fulfill and
satisfy the market requirements, keeping pace with the emerging technologies
in the telecommunications sector and satisfying its customer's needs. STC
has put in its consideration that, this is the way to reinforce its position and
identity in view of a changing world where the role and usage of
telecommunications became more significant
Believing in the importance of its customers and fulfillment of their
needs, STC has recently adopted its FORWARD Strategy that aims to
support and re-enforce its competitive position. Based on this strategy,
STC strives to enhance customer- centric culture in all its business
aspects. This culture has been reflected in the organizational design of
the company that comprises Corporate Center, a number of Functional
Units and Four Key Business Units focused on the Key STC Customer Categories which are:
needs, STC has recently adopted its FORWARD Strategy that aims to
support and re-enforce its competitive position. Based on this strategy,
STC strives to enhance customer- centric culture in all its business
aspects. This culture has been reflected in the organizational design of
the company that comprises Corporate Center, a number of Functional
Units and Four Key Business Units focused on the Key STC Customer Categories which are:
1. Personal BU
2. Home BU
3. Enterprise BU
4. Wholesale BU
In the last few years, STC has gone beyond its local borders to the international
markets, forming a network of businesses and investments in a number of
GCC countries, Asia & Africa. The company has now foot print in Kuwait,
India, Indonesia, Malaysia, Turky and South Africa which has enabled STC
to serve a greater number of its customers which the company seeks
to increase internationally through studying and evaluation of potential investment
opportunities in the future in line with FORWARD Strategy.
markets, forming a network of businesses and investments in a number of
GCC countries, Asia & Africa. The company has now foot print in Kuwait,
India, Indonesia, Malaysia, Turky and South Africa which has enabled STC
to serve a greater number of its customers which the company seeks
to increase internationally through studying and evaluation of potential investment
opportunities in the future in line with FORWARD Strategy.
The Company has recently achieved several successes and accomplishments,
of which the most significant are:
of which the most significant are:
1. Won King Abdul Aziz Quality Award for the year 2008, granted by Saudi
Arabian Standards & Specifications Organization (SASO)
Arabian Standards & Specifications Organization (SASO)
2. Won “Transparency Award for Saudi Stock Companies” for the year
2008- granted by BMG Financial Consultations Firm
2008- granted by BMG Financial Consultations Firm
3. Won “The Best Telecommunications Company Award “ for year the year
2008”, granted by Arabian Business Magazine
2008”, granted by Arabian Business Magazine
4. Acquired class (A+) classification from Standard and Poor’s Agency for Credit
Services
Services
5. Acquired class (A 1) Credit rating from Moody’s Investor Service Agency
for Credit Services
for Credit Services
6. Rated No. 8 among the Top International Fixed Telephone Services Providers
Worldwide
Worldwide
7. Rated No.2 among Asian Companies in terms of Market Value
No doubt this success and accomplishments, supported by the significant
financial results achieved, have qualified STC for taking a leading and
advanced position among telecom operators in the GCC and MENA region.
financial results achieved, have qualified STC for taking a leading and
advanced position among telecom operators in the GCC and MENA region.
