Thursday 24 July 2014
 
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STC

Saudi Telecom Q2 profit nearly doubles

Saudi Telecom Company (STC), the Gulf's biggest telecommunications operator by market value, reported a 96 percent surge in second-quarter profit on Monday, beating analysts' estimates because of a change in the valuation of an Asian div

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STC $533m 10-year debut sukuk

Saudi Telecom Company (STC), the Gulf's largest telecommunications operator by market value, said on Tuesday it had completed a 2 billion riyal ($533 million), 10-year debut sukuk issue. The issue, which was almost two times o

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STC $533m 10-year debut sukuk

Saudi Telecom Company (STC), the Gulf's largest telecommunications operator by market value, said on Tuesday it had completed a 2 billion riyal ($533 million), 10-year debut sukuk issue. The issue, which was almost two times o

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Saudi govt seizes STC plot

Saudi Arabia's Ministry of Finance has seized some land in the country's capital from the kingdom's former telecom monopoly Saudi Telecom Company (STC), a bourse filing said on Monday. The 1.05 million sq m plot in Riy

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Saudi govt seizes STC plot

Saudi Arabia's Ministry of Finance has seized some land in the country's capital from the kingdom's former telecom monopoly Saudi Telecom Company (STC), a bourse filing said on Monday. The 1.05 million sq m plot in Riy

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Saudi Telecom, Atheeb sign network deal

Saudi Arabia's Etihad Atheeb said on Thursday it had signed a deal to use Saudi Telecom Company's (STC) fibre network, days after the landline operator scrapped a similar agreement with Mobily. The so-called Indefeasible R

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Saudi Telecom plans $1.33bn sukuk

Saudi Telecom Co (STC), the Gulf's largest telecommunications operator by market value, has established a 5 billion riyals ($1.33 billion) riyal denominated sukuk programme, it said in a bourse statement on Wednesday. The prog

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Saudi buys minority investor shares in SITC

Shareholders in Saudi Integrated Telecom Co (SITC), which is due to be wound up, could be compensated earlier than expected after Saudi Arabia's finance ministry acquired minority investors' shares. Last week, a royal decr

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Saudi Telecom picks banks for debut sukuk

Saudi Telecom Co (STC) , the Gulf's biggest telecom operator by market value, has picked three banks to manage its debut Islamic bond offer, banking sources aware of the transaction told Reuters on Wednesday. It has chosen JP

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Saudi Telecom profits jump 54pc to $637m

Saudi Telecom Co (STC), the Gulf's No 1 telecom operator by market value, reported a 54 percent jump in first-quarter profit as provisions and losses from foreign units fell and it sold some assets. The firm, which competes do

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