CyberArrow, Mobily to boost cyber security compliance in Saudi Arabia
CyberArrow, a leading cyber security compliance automation provider, and Mobily, a major telecommunications provider in Saudi Arabia, have tied up to enhance cyber security compliance and awareness for businesses in […]
Saudi: Edarat Communication mulls 100% capital raise via bonus shares
The board of Edarat Communication and Information Technology Company recommended a 100% capital increase to SAR 12.60 million from SAR 6.30 million, according to a bourse filing. In order to […]
3.6mln Saudi homes under fiber optics coverage, penetration rate crosses 60%
Governor of the Communications, Space and Technology Commission (CST) Dr. Mohammed Altamimi has said the commission is striving to stimulate investment and enhance positive competitiveness in the information […]
Saudi Arabia imports 12.4mln mobile devices in 2021
The size of the importing mobile communications devices market in Saudi Arabia exceeded SR20 billion in 2021, as 12.4 million devices have been imported, the Communications, Space and Technology Commission […]
Solutions pens $36.71mln deal with Saudi Telecom Company
Arabian Internet and Telecommunication Services Company (solutions) penned a SAR 138 million deal with Saudi Telecom Company (stc) on 8 December 2022. stc will provide solutions’ customers with normal and […]
Saudi’s Zain KSA posts 41% rise in Q3 net profit
Saudi-listed Mobile Telecommunication Company Saudi Arabia (Zain KSA) saw its net profit jump by more than 40% in the third quarter of the year on the back of higher visitor […]
Saudi wealth fund makes offer for 51% of Saudi Telecom towers unit
Saudi Telecom Company (STC) said on Monday the kingdom’s sovereign wealth fund had made a non-binding offer to buy 51% of its towers business, valuing the latter at […]
Saudi Arabia’s PIF offers to acquire stake in over $5bln stc unit
Saudi Telecom Company (stc) has received a non-binding offer from the Public Investment Fund (PIF) to acquire 51% of the shares of Telecommunications Towers Company (Tawal), whilst stc […]
e& subsidiary, ADQ complete Starzplay Arabia acquisition
e& subsidiary E-Vision and holding company ADQ have completed their acquisition of 57% of Starzplay Arabia, with E-Vision committing to pay up to $130 million for the video on demand […]
STC subsidiary in process of acquiring Giza Systems for $145mln
Arabia Communications Services Company (Solutions) — one of the subsidiaries of Saudi Telecom Company (STC) — is preparing to acquire the entire stake of B Investments Holding in Giza […]
