Page 24 - SAMENA Trends - April-May 2021

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

• Earnings before Interest, Taxes, Zakat, quarter last year was distinct. The company digital transformation, stc has launched
Depreciation and Amortization (EBITDA) was able to grow its top line by 12.6%, the digital operations control center,
for the 1st quarter reached to SR 5,841m supported by the increase witnessed in which is considered the largest integrated
with an increase of 9.59% compared to Consumer Business Unite revenues due operating center in the region with an
the corresponding quarter last year. to the growth in the Broadband & Fixed area of more than 42,000 square meters.
• Net Income for the 1st quarter Wireless Access subscriber base by 10.1%, The digital operations control center
reached to SR 2,952m with an FTTH by 26%, working lines by 3.1% and includes a system made out of advanced
increase of 1.34% compared to the data revenue by 4.5%. Further, Enterprise digital processes in several areas, such
corresponding quarter last year. Business Unite revenues also grew by as simulation, digital infrastructure
In accordance with the approved dividend 33.4%, as a result of the increased demand management, digital crises management
policy for three years starting from the for the company's services & products and reinvention within a range of other
4th quarter 2018, which was announced along with its ability to swiftly respond digital solutions while abiding by high
on 16 December 2018, and has been to customers’ request and demand in a security standards. He also noted that the
ratified during the Extra Ordinary General competitive manner. As for Wholesale center will enhance Saudi Arabia's position
Assembly Meeting on April 24th 2019, stc Sector, it managed to increase its revenues as a leading regional business center or
will distribute a total of SR 2,000 million in by 5.1%. Moreover, the revenues generated a" HUB". Which would help to achieve the
cash dividend for Q1 2021, representing by stc’s subsidiaries grew by 23.2%, which objectives of the second phase of stc's
SR 1 per share. The eligibility of dividends contributed positively to the group's overall "DARE" strategy, in order to enable digital
shall be for the shareholders at the results. Eng. Alwetaid also pointed out transformation in various fields. Recently,
close of trading on Tuesday 04/05/2021 that stc surpassed its counterparts in the stc Group announced the launch of the
corresponding to 22/09/1442 H and as per region to become the most valuable brand Advanced Technology and Cybersecurity
the registered shareholders in the register in the telecommunications sector, and the Company; a new company dedicated
of The Securities Depository Center third most valuable brand in all sectors, to providing advanced cybersecurity
Company at the end of the 2nd trading according to Brand Finance. The company services and solutions to the business
day following the eligibility date. Dividend also celebrated being the region’s fastest- sector. The recently announced launch
distribution date will be on 31/05/2021 growing brand, up an impressive 14% to comes to keep abreast of the growing
corresponding to 19/10/1442H. US$9.2 billion and simultaneously jumping demand for digital services in parallel
Commenting on these results, Eng. Olayan 51 positions to 189th, making stc the 2nd with stc's DARE Strategy, which aims
Mohammed Alwetaid, stc Group CEO, fastest-growing brand of the largest 20 to foster digital transformation, pave
stated that the company’s results for this global telecommunications companies. new paths for development, and achieve
quarter as compared to the comparable In addition, and as part of our journey for the objectives of Saudi Vision 2030.

stc’ Chairman and CEO Praise the Launch of Shareek and Commend its
Objective of Achieving Sustainable Development

His Royal Highness Prince affirmed the company's continued
Mohammed bin Khaled Al-Abdullah endeavors to enhance its leadership
Al-Faisal, Chairman of the Board in the digitization of various public
of Directors of stc, praised the and private sectors, enhancing
launch of the Shareek private Saudi Arabia's position as a regional
sector partnership program at the digital services hub. He noted that
initiative of His Royal Highness stc is committed to harnessing all its
Prince Mohammed bin Salman bin human, material, and technological
Abdulaziz, Crown Prince, Deputy capacities to support the Shareek
Prime Minister and Minister of Program as a partner, to promote
Defense, may God bless him. Al- cooperation between the private
Faisal praised the program's goals and public sectors and achieve
of enhancing the contribution of the objectives set by the ambitious
local companies to the sustainable Vision of HRH Prince Mohammed
development of local economy, bin Salman. He added that stc's
noting that Shareek will have a strategy has focused primarily on
great impact on supporting local alignment with the objectives of
companies, especially by enabling Saudi Vision 2030, especially in
them to capture local investments terms of digital transformation and
of more than SAR 5 trillion by the approval of initiatives and projects
end of 2030. His Royal Highness that have a lasting impact on the

24 APRIL-MAY 2021