Page 13 - SAMENA Trends - February 2022

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

MEMBERS NEWS

stc’s Revenue for the Year 2021 Compared to

Year 2020 Increased by 7.57%, and It Distributes
SR 1 Per Share Dividends for the 4th Quarter

In accordance with the approved dividend policy for three years
starting from the 4th quarter 2021, which was announced on
27 September 2021, and has been ratified during the Ordinary
General Assembly Meeting on November 30th 2021, stc will
distribute a total of SR 1,997.1 million in cash dividend for Q4
2021, representing SR 1 per share. The eligibility of dividends
shall be for the shareholders at the close of trading on Sunday
27/02/2022 corresponding to 26/07/1443 H and as per the
registered shareholders in the register of The Securities Depository
Center Company at the end of the 2nd trading day following the
eligibility date. Dividend distribution date will be on 17/03/2022
corresponding to 14/08/1443H. Commenting on these results,
Eng. Olayan Mohammed Alwetaid, stc Group CEO, stated that the
positive results achieved by the company for the year 2021 came
in line with our expectations, as the company was able to grow its
top line by 7.6% compared to the previous year. This was driven by
the strong performance witnessed in the Enterprise business unit,
which was able to grow its revenues by 20.9%, benefiting from the
company’s ability to accommodate the strong demand from the
public and private sectors for Enterprise Business Unit's services
and products. The Wholesale Business Unit continued its positive
contribution to the company’s financial results, as it achieved a
growth of 2.9%, thru leveraging stc’s infrastructure investments to
grow the company’s hubbing services. The Residential Segment
also achieved a growth in its revenues, with an increase of
10.5%, which supported the Consumer Business Unit’s financial
performance, this is primarily due to an increase in FTTH and fixed
wireless access subscribers by 10.3% and 21.7%, respectively.
Moreover, the revenue growth witnessed in stc’s subsidiaries also
contributed positively to the company’s financial results. In line
with Saudi Vision 2030, the company will continue its national role
and contributions towards achieving the vision by investing in the
digitization of the economy, strengthening its assets, diversifying
its services, developing commercial and operational capabilities, company launched (stcplay) platform to lead the transformation
and maintaining its ICT leadership in the region. In achieving in the gaming and E-sports sector and to act as a digital enabler
its “DARE” strategy, the company will continue to invest in new for the gaming sector in the KSA and the Middle East by providing
business trends and execute its ambitious plans to expand in distinctive experiences and high-quality services to players and
telecommunications and infrastructure, in addition to developing service providers. During the year, we have also witnessed the
new platforms such as IoT, cloud, cybersecurity, data analytics, successful listing of (solutions by stc) in the Saudi Stock Exchange,
digital services and applications, data center hosting services, in Tadawul, which represents a qualitative and important leap in
addition to regional and international connectivity. Alwetaid went supporting companies working in the field of communications
on to say that the year 2021 was full of challenges and successes and information technology. Recently, The Public Investment
for stc group. The company, through its digital payments company Fund and stc group, announced the successful completion of
(stc pay), was able to obtain the approval of the Council of Ministers the secondary public offering. 120 million shares representing
for stc pay to become one of the first digital banks in the Kingdom 6.0% of stc’s share capital were sold to local and international
of Saudi Arabia. Also, we have established and launched the institutional investors and retail investors by way of a secondary
Advanced Technology and Cybersecurity Company (sirar by stc); public offering, the first of its kind in the Saudi capital market.
a new company dedicated to providing advanced cybersecurity The total offering size reached SAR 12 billion, which makes it the
services and solutions to the business sector. Furthermore, the largest secondary public offering in EMEA in the last three years.
13 FEBRUARY 2022