Latest news with #OlayanAlwetaid
Leaders
4 days ago
- Business
- Leaders
GASTAT, stc Group Sign Agreement to Broaden Statistical Data Sources
The General Authority for Statistics (GASTAT) has signed a memorandum of cooperation with stc Group to boost collaboration and coordinate efforts in diversifying and strengthening statistical data sources. The agreement aims to foster integration between the two entities, enabling them to achieve shared objectives and exchange expertise in their respective domains. The signing ceremony was attended by GASTAT President Fahad Al-Dossari and stc Group CEO Olayan Alwetaid. This partnership is part of GASTAT's broader initiative to build ties with public and private sector organizations to improve the availability and quality of statistical data and indicators. It also supports the adoption of advanced technologies to enhance service delivery. The memorandum aligns with Saudi Arabia's digital transformation goals, contributing to the national economy and sustainable development in line with Saudi Vision 2030. Related Topics : Saudi STC Launches Major Lending Push Backed by Western Union GASTAT Reports 13.4% Growth in Non-Oil Exports in Q1 2025, 10.7% Increase in March Saudi Arabia Welcomes Foreign Real Estate Investors Outside Holy Cities All You Need to Know about Hajj Rituals: A Step-by-Step Guide Short link : Post Views: 8 Related Stories
Zawya
07-07-2025
- Business
- Zawya
STC group advances to A in MSCI ESG ratings, strengthening global sustainability position
Morgan Stanley Capital International (MSCI), an investment research firm and a leading global Environmental, Social, and Governance (ESG) index provider, has upgraded stc group from 'BBB' in 2024 to 'A' in 2025 in its latest ESG ratings, marking a significant leap for the leading digital enabler from the 2024 rankings. stc group is now among the top 31% of telecom companies worldwide to receive an 'A' rating, out of a total of 62 telecom companies ranked by MSCI. This ranking reflects the group's consistent progress in embedding sustainability, governance, and transparency across its operations. In the MSCI report, findings on stc group's improvements highlighted strengths in data privacy and cybersecurity. This included a comprehensive framework for external IT audits, robust emergency response protocols, and continuous oversight at the highest levels of the group's digital infrastructure. The data protection strengths extended across stc's supply chain and tailored training for employees and contractors. Commenting on the ranking, Olayan Alwetaid, stc group's CEO remarked: 'This upgrade reflects stc group's sustainable growth and strong commitment to the highest ESG standards. It also recognizes our leading role and our positive contribution to advancing sustainability and transparency globally.' It is noted that the classification of the stc group in the MSCI index has witnessed rapid increases in recent years, as the group has been keen to enhance its efforts related to environmental protection, social responsibility, data security, and privacy. This is through adopting the best local and international standards and practices, employing sustainable technologies and innovative digital solutions, and empowering individuals and communities, along with adhering to the highest standards of integrity and transparency in all its practices. stc group is a digital enabler, offering advanced solutions and driving a role in the digitalization process. The group provides a comprehensive suite of services encompassing digital infrastructure, cloud computing, cybersecurity, Internet of Things (IoT), digital payments, digital media, and digital entertainment. The group comprises 13 subsidiaries across the Kingdom of Saudi Arabia, the Middle East, North Africa, and Europe. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
07-07-2025
- Business
- Saudi Gazette
stc group advances to 'A' in MSCI ESG ratings, strengthening global sustainability position
Morgan Stanley Capital International (MSCI), an investment research firm and a leading global Environmental, Social, and Governance (ESG) index provider, has upgraded stc group from 'BBB' in 2024 to 'A' in 2025 in its latest ESG ratings, marking a significant leap for the leading digital enabler from the 2024 rankings. stc group is now among the top 31% of telecom companies worldwide to receive an 'A' rating, out of a total of 62 telecom companies ranked by MSCI. This ranking reflects the group's consistent progress in embedding sustainability, governance, and transparency across its operations. In the MSCI report, findings on stc group's improvements highlighted strengths in data privacy and cybersecurity. This included a comprehensive framework for external IT audits, robust emergency response protocols, and continuous oversight at the highest levels of the group's digital infrastructure. The data protection strengths extended across stc's supply chain and tailored training for employees and contractors. Commenting on the ranking, Olayan Alwetaid, stc group's CEO remarked: 'This upgrade reflects stc group's sustainable growth and strong commitment to the highest ESG standards. It also recognizes our leading role and our positive contribution to advancing sustainability and transparency globally.' It is noted that the classification of the stc group in the MSCI index has witnessed rapid increases in recent years, as the group has been keen to enhance its efforts related to environmental protection, social responsibility, data security, and privacy. This is through adopting the best local and international standards and practices, employing sustainable technologies and innovative digital solutions, and empowering individuals and communities, along with adhering to the highest standards of integrity and transparency in all its practices. stc group is a digital enabler, offering advanced solutions and driving a role in the digitalization process. The group provides a comprehensive suite of services encompassing digital infrastructure, cloud computing, cybersecurity, Internet of Things (IoT), digital payments, digital media, and digital entertainment. The group comprises 13 subsidiaries across the Kingdom of Saudi Arabia, the Middle East, North Africa, and Europe.
Zawya
07-07-2025
- Business
- Zawya
Stc group advances to 'A' in MSCI ESG ratings, strengthening global sustainability position
stc group is now ranked among the top 31% of telecom companies globally, out of 62 assessed by MSCI. MSCI cites stc's leadership in data privacy, cybersecurity, IT audit frameworks, and stakeholder training as key strengths. Riyadh, Saudi Arabia: Morgan Stanley Capital International (MSCI), an investment research firm and a leading global Environmental, Social, and Governance (ESG) index provider, has upgraded stc group from 'BBB' in 2024 to 'A' in 2025 in its latest ESG ratings, marking a significant leap for the leading digital enabler from the 2024 rankings. stc group is now among the top 31% of telecom companies worldwide to receive an 'A' rating, out of a total of 62 telco companies ranked by MSCI. This ranking reflects the group's consistent progress in embedding sustainability, governance, and transparency across its operations. In the MSCI report, findings on stc group's improvements highlighted strengths in data privacy and cybersecurity. This included a comprehensive framework for external IT audits, robust emergency response protocols, and continuous oversight at the highest levels of the group's digital infrastructure. The data protection strengths extended across stc's supply chain and tailored training for employees and contractors. Commenting on the ranking, Olayan Alwetaid, stc group's CEO remarked: 'This upgrade reflects stc group's sustainable growth and strong commitment to the highest ESG standards. It also recognizes our leading role and our positive contribution to advancing sustainability and transparency globally.' It is noted that the classification of the stc group in the MSCI index has witnessed rapid increases in recent years, as the group has been keen to enhance its efforts related to environmental protection, social responsibility, data security, and privacy by adopting the best local and international standards and practices, employing sustainable technologies and innovative digital solutions, and empowering individuals and communities, along with adhering to the highest standards of integrity and transparency in all its practices. About stc group: stc group is a digital enabler, offering advanced solutions and driving a role in the digitalization process. The group provides a comprehensive suite of services encompassing digital infrastructure, cloud computing, cybersecurity, Internet of Things (IoT), digital payments, digital media, and digital entertainment. The group comprises 13 subsidiaries across The Kingdom of Saudi Arabia, the Middle East, North Africa, and Europe.
Broadcast Pro
29-05-2025
- Business
- Broadcast Pro
Rotana Media Services becomes exclusive media sales partner for stc tv
Rotana Media Services will lead digital ad monetisation, leveraging advanced technology and data-driven strategies to enhance brand engagement. STC Group has announced a strategic partnership with Rotana Media Services (RMS), appointing the media sales giant as the exclusive advertising partner for its premium streaming platform, stc tv. The agreement was formalised during a high-profile signing ceremony attended by HRH Prince Alwaleed Bin Talal Al Saud, Chairman of Rotana Media Group and Founder and Chairman of Kingdom Holding Company, alongside STC Group CEO Eng. Olayan Alwetaid and Dr Walid Arab Hashim, Chairman of Rotana Media Services. As Saudi Arabia's digital entertainment landscape continues to evolve, Connected TV (CTV) — which enables internet-based streaming on televisions — is rapidly redefining how audiences consume content. With millions of viewers across the region, stc tv has emerged as a key player in the entertainment space. Through this collaboration, Rotana Media Services will harness its deep expertise in digital advertising to deliver precise, data-driven campaigns to stc's wide-ranging customer base, businesses, and communities throughout the Kingdom. Utilising cutting-edge technologies, data analytics, and a robust network of advertising partners, RMS aims to significantly enhance stc tv's monetisation potential. The partnership is expected to drive stronger brand engagement across stc's premium video inventory, leveraging RMS's experience in Connected TV, Over-the-Top (OTT) content, Online Video (OLV), and Hybrid Broadcast Broadband TV (HbbTV). Eng. Faisal Al Saber, Group Chief Commercial Officer of stc group, said: 'At stc group, we continuously seek partnerships that enhance our capabilities and ultimately enrich the lives of our stc community. Collaborating with industry leaders like Rotana Media Services will unlock new opportunities in digital advertising while delivering greater value to our audiences and brand partners.' Nezar Nagro, CEO of Rotana Media Services, added: 'Being selected as stc group's exclusive media sales partner is a major milestone. This partnership strengthens our digital presence and provides advertisers with advanced, data-driven solutions. With our expertise, we are bringing innovation and efficiency to stc group's platforms, driving measurable success for the stc ecosystem.' Nisrine Ghazal, VP Digital of Rotana Media Services, stated: 'Rotana Media Services is redefining video advertising in the region. Our technology, demand partnerships, and data-driven strategies will unlock new opportunities for stc tv, ensuring the brand achieves impactful results.'
