Stc Executive Summary

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Executive Summary

The Saudi Telecommunication Group provides integrated mobile, fixed and broadband communications services to over 142 million subscribers in 10 markets including Saudi Arabia. Headquartered in Riyadh, Saudi Arabia, Saudi Telecom Company (STC) is the largest telecommunications company by market capitalization, total revenue and number of employees in the Arab State region. 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 and Africa. The company is now present in Kuwait, India, Indonesia, Malaysia, Turkey, South Africa and Bahrain which has enabled STC to serve a larger number of customers internationally. The current CEO of STC International is Ghassan Hasbani. And In 6/6/12 There Been A Change In CEO Now It's Khalid AlGhonaim. The form of mobile services subscribers about 81% of the total STC subscribers investigating the company's 73% of the total revenue as at the end of 2007. Where the number of subscribers 17.3 million subscribers at the end of 2007. Formed at that time 61% of the total mobile users in the Kingdom of Saudi Arabia. As a subscriber line services about 19% of the total participants in the company's services are investigating the company's 27% of its revenue as at the end of 2007. STC to expand outside the borders of the State Headquarters and the acquisition of 25% of the group Axis - Malaysia - working in the field of telecommunications value of $ 3.04 billion. Which in turn runs a number of mobile phone networks in Malaysia, Indonesia and India. The agreement also included the acquisition of 51% of the Company Pte Ntarend (a subsidiary of the group) and the winning mobile phone license in Indonesia. And thus exceeded the company "STC" in the past few years local borders to the world to establish a network of businesses and investments in a number of Gulf countries, Asia and Africa, where the company located in Kuwait, India, Indonesia, Malaysia, Turkey and South Africa In addition, the company accounts to different ratios in a number of institutions and local and regional companies including Foundation Arabsat Satellite Communications and working in the field of broadcasting via satellite. Cable Company and the Arab maritime link between the two shores of the Red Sea (Saudi Arabia - Sudan). The company recently acquired 100% of the first online service provider Net. In addition to a commercial company Saudi Arabia. STC has branches in several countries in the world, among them VIVA in Kuwait, Malaysia, Turkey. 1. INTRODUCTION :

Saudi Telecom Group,( STC) is a Saudi Arabia-based telecommunications company that offers landline, mobile and internet services.

The first is the operator of telecommunications services in Saudi Arabia. The company was established under the Council of Ministers Resolution No. 171 dated September 9, 2002, and Royal Decree No. M / 35 dated April 21, 1998, a Saudi joint stock company in accordance with the Council of Ministers Resolution No. 213 and the date of April 20, 1998, which was adopted by the Company Statute. In 2003 included the company's 30% of its shares on the Saudi bourse in the largest IPO ever known Arab markets. Allocated 20% of the shares subscribed for Saudis in their personal capacity and allocated 5% of the General Organization for Social Insurance, and another 5% for the benefit pensions. In 2004 the company lost its monopoly on mobile phone services after the assignment of a second license to Etihad Etisalat. In April 2007 ended its monopoly on fixed telephone services after the victory of a consortium led by Bahrain's Batelco, the second license raised by the government, and also for the company and a prepaid card called Sawa is popular deployment in Saudi Arabia. Accordingly, the company adopted an ambitious program aims to transform its government to become, in accordance with established business...
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