Latest news with #SaudiTelecomCompany
Zawya
2 days ago
- Business
- Zawya
Saudi: stc posts $1.97bln profits in H1-25; dividends for Q2 announced
Riyadh – Saudi Telecom Company (stc) registered net profits worth SAR 7.47 billion in the first half (H1) of 2025, up 13.38% from SAR 6.59 billion in H1-24. Revenues amounted to SAR 38.66 billion as of 30 June 2025, marking a 2.09% year-on-year (YoY) rise from SAR 37.86 billion, according to the financial statements. Earnings per share (EPS) jumped to SAR 1.50 at the end of June 2025 from SAR 1.32 in H1-24. Results for Q2-25 In the second quarter (Q2) of 2025, the net profits generated a 15.70%% YoY hike to SAR 3.82 billion, compared to SAR 3.30 billion. The revenues climbed by 2.59% to SAR 19.45 billion in Q2-25 from SAR 18.95 billion a year earlier. Quarterly, the Q2-25 net profits increased by 4.76% from SAR 3.64 billion in Q1-25, while revenues grew by 1.25% from SAR 19.21 billion. Cash Dividends The telecom group announced cash dividends totaling SAR 2.74 billion to 4.98 billion eligible shares for Q2-25. Eligibility and payment dates for the dividends will be 30 July and 19 August, respectively. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Kuwait Times
3 days ago
- Business
- Kuwait Times
Saudi announces $6.4 billion in Syria investments
DAMASCUS: Saudi Arabia's Investment Minister Khalid bin Abdulaziz Al-Falih (center left) and his delegation being received at Damascus International Airport on July 23, 2025. -- AFP DAMASCUS: Saudi Arabia announced $6.4 billion of investments in Syria on Thursday, reflecting the kingdom's deepening ties with interim President Ahmed Al-Sharaa's government as it seeks to rebuild Syria after a 14-year civil war. The deals, unveiled by Saudi Investment Minister Khalid Al-Falih at a Damascus forum, are a major financial boost for Sharaa as he struggles to establish control over Syria, which was rocked this month by sectarian violence in the southwest. Al-Falih said his visit to Syria had been ordered by Saudi Arabia's Crown Prince Mohammed bin Salman, calling the trip 'confirmation of the kingdom's firm and supportive stance towards sisterly Syria'. The investment deals included $2.93 billion for real estate and infrastructure projects and about $1.07 billion for the telecommunications and information technology sector, Al-Falih said. Businesses involved in the plans include telecommunications firms the Saudi Telecom Company (STC) and GO Telecom, digital security company Elm, cybersecurity firm Cipher, and Classera, an education technology company. Al-Falih said 47 agreements would be signed over the course of the conference, with more than 100 companies participating. Al-Falih also announced the establishment of a Saudi-Syrian Business Council at the event, which had been scheduled for June but was delayed due to the conflict between Iran and Zionist entity. Riyadh has been a key ally of Sharaa's government, which came to power after longtime ruler Bashar al-Assad was toppled in December, using its diplomatic influence to persuade US President Donald Trump to lift sanctions. Companies, many from Gulf states and Turkey, have expressed interest in rebuilding Syria's power generation capacity, roads, ports and other damaged infrastructure. Syria has signed a $7-billion power deal with Qatar and an $800-million agreement with UAE-based port company DP World in recent months. US energy firms are also set to draw up a master plan for the country's energy sector. In April, Saudi Arabia and Qatar announced they would pay off Syria's World Bank arrears, opening up the possibility of new lending. – Reuters
New Straits Times
5 days ago
- Business
- New Straits Times
Saudi Arabia announces US$6.4bil in Syria investments
DAMASCUS: Saudi Arabia announced US$6.4 billion of investments in Syria on Thursday, reflecting the kingdom's deepening ties with interim President Ahmed al-Sharaa's government as it seeks to rebuild Syria after a 14-year civil war. The deals, unveiled by Saudi Investment Minister Khalid Al-Falih at a Damascus forum, are a major financial boost for Sharaa as he struggles to establish control over Syria, which was rocked this month by sectarian violence in the southwest. Al-Falih said his visit to Syria had been ordered by Saudi Arabia's Crown Prince and de facto ruler Mohammed bin Salman, calling the trip "confirmation of the kingdom's firm and supportive stance towards sisterly Syria". The investment deals included US$2.93 billion for real estate and infrastructure projects and about US$1.07 billion for the telecommunications and information technology sector, Al-Falih said. Businesses involved in the plans include telecommunications firms the Saudi Telecom Company (STC) and GO Telecom, digital security company Elm, cybersecurity firm Cipher, and Classera, an education technology company. Al-Falih said 47 agreements would be signed over the course of the conference, with more than 100 companies participating. He also announced the establishment of a Saudi-Syrian Business Council at the event, which had been scheduled for June but was delayed due to the conflict between Iran and Israel. Riyadh has been a key ally of Sharaa's government, which came to power after longtime ruler Bashar al-Assad was toppled in December, using its diplomatic influence to persuade US President Donald Trump to lift sanctions. Companies, many from Gulf states and Turkey, have expressed interest in rebuilding Syria's power generation capacity, roads, ports and other damaged infrastructure. Syria has signed a US$7 billion power deal with Qatar and an US$800 million agreement with UAE-based port company DP World in recent months. US energy firms are also set to draw up a master plan for the country's energy sector. In April, Saudi Arabia and Qatar announced they would pay off Syria's World Bank arrears, opening up the possibility of new lending.
Reuters
5 days ago
- Business
- Reuters
Saudi Arabia announces $6.4 billion in Syria investments
DAMASCUS, July 24 (Reuters) - Saudi Arabia announced $6.4 billion of investments in Syria on Thursday, reflecting the kingdom's deepening ties with interim President Ahmed al-Sharaa's government as it seeks to rebuild Syria after a 14-year civil war. The deals, unveiled by Saudi Investment Minister Khalid Al-Falih at a Damascus forum, are a major financial boost for Sharaa as he struggles to establish control over Syria, which was rocked this month by sectarian violence in the southwest. Al-Falih said his visit to Syria had been ordered by Saudi Arabia's Crown Prince and de-facto ruler Mohammed bin Salman, calling the trip "confirmation of the kingdom's firm and supportive stance towards sisterly Syria". The investment deals included $2.93 billion for real estate and infrastructure projects and about $1.07 billion for the telecommunications and information technology sector, Al-Falih said. Businesses involved in the plans include telecommunications firms the Saudi Telecom Company (STC) and GO Telecom, digital security company Elm, cybersecurity firm Cipher, and Classera, an education technology company. Al-Falih said 47 agreements would be signed over the course of the conference, with more than 100 companies participating. Al-Falih also announced the establishment of a Saudi-Syrian Business Council at the event, which had been scheduled for June but was delayed due to the conflict between Iran and Israel. Riyadh has been a key ally of Sharaa's government, which came to power after longtime ruler Bashar al-Assad was toppled in December, using its diplomatic influence to persuade U.S. President Donald Trump to lift sanctions. Companies, many from Gulf states and Turkey, have expressed interest in rebuilding Syria's power generation capacity, roads, ports and other damaged infrastructure. Syria has signed a $7-billion power deal with Qatar and an $800-million agreement with UAE-based port company DP World in recent months. U.S. energy firms are also set to draw up a master plan for the country's energy sector. In April, Saudi Arabia and Qatar announced they would pay off Syria's World Bank arrears, opening up the possibility of new lending. ($1 = 3.7514 riyals)
Yahoo
06-05-2025
- Business
- Yahoo
Middle Eastern Dividend Stocks To Consider In April 2025
As most Gulf markets experience gains ahead of earnings announcements, investors are closely monitoring corporate performance and the impact of trade developments on market sentiment. In this climate, dividend stocks can offer a compelling option for those seeking stability and income, as they provide regular payouts that can be particularly appealing during periods of economic uncertainty. Name Dividend Yield Dividend Rating Emaar Properties PJSC (DFM:EMAAR) 7.60% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 7.47% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 6.93% ★★★★★☆ Arab National Bank (SASE:1080) 6.03% ★★★★★☆ Saudi National Bank (SASE:1180) 5.63% ★★★★★☆ Riyad Bank (SASE:1010) 5.76% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 5.67% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 4.94% ★★★★★☆ Saudi Telecom (SASE:7010) 8.75% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 6.45% ★★★★★☆ Click here to see the full list of 69 stocks from our Top Middle Eastern Dividend Stocks screener. Let's uncover some gems from our specialized screener. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Saudi Telecom Company, along with its subsidiaries, offers telecommunications, information, media, and digital payment services both in Saudi Arabia and internationally, with a market cap of SAR239.37 billion. Operations: Saudi Telecom Company's revenue segments include Saudi Telecom Company at SAR49.64 billion, Channels at SAR15.11 billion, Solutions at SAR12.06 billion, STC Bahrain BSC (C) at SAR1.93 billion, Kuwait Telecommunications Company (Stc Kuwait) at SAR4.11 billion, STC Bank at SAR1.26 billion, Center 3 at SAR1.91 billion, Advanced Technology and Cybersecurity Company (Sirar) at SAR0.73 billion, Gulf Digital Media Model Company LTD (Intigral) at SAR0.69 billion, Public Telecommunications Company (Specialized) at SAR0.37 billion, SCCC and Iot contributing smaller amounts of approximately SAR188 million and SAR301 million respectively. Dividend Yield: 8.7% Saudi Telecom's dividend profile shows a mixed outlook. While the company's dividends have been reliable and stable over the past decade, with recent increases, its high cash payout ratio of 257.9% indicates that dividends are not well covered by free cash flows. A special dividend of SAR 9.97 billion was announced for 2024, adding to its total distribution per share for the year at SAR 3.75. Despite this, sustainability concerns persist due to insufficient cash flow coverage despite strong earnings growth reflected in a net income increase to SAR 24.69 billion in 2024 from SAR 13.30 billion previously reported. Click to explore a detailed breakdown of our findings in Saudi Telecom's dividend report. According our valuation report, there's an indication that Saudi Telecom's share price might be on the expensive side. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: FMS Enterprises Migun Ltd manufactures and sells ballistic protection raw materials and products globally, with a market cap of ₪1.62 billion. Operations: FMS Enterprises Migun Ltd generates revenue from its Aerospace & Defense segment, amounting to $128.07 million. Dividend Yield: 6.7% FMS Enterprises Migun's dividend profile is appealing due to its stable and growing payouts over nine years, with a current yield of 6.7% placing it in the top 25% of IL market dividend payers. The dividends are well-covered by both earnings (69.1%) and cash flows (68.4%), suggesting sustainability. Recent financial results show robust growth, with net income rising to US$43.38 million in 2024 from US$37.71 million the previous year, supporting continued dividend reliability. Click here and access our complete dividend analysis report to understand the dynamics of FMS Enterprises Migun. Our expertly prepared valuation report FMS Enterprises Migun implies its share price may be lower than expected. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Mizrahi Tefahot Bank Ltd. offers a variety of international, commercial, domestic, and personal banking services to individuals and businesses in Israel and abroad, with a market cap of ₪47.01 billion. Operations: Mizrahi Tefahot Bank's revenue segments include Private Banking (₪79 million), Business Banking (₪2.58 billion), Small Businesses (₪2.60 billion), Commercial Banking (₪639 million), Households - Others (₪5.32 billion), Financial Management (₪607 million), and Households - Mortgages (₪2.39 billion). Dividend Yield: 4.7% Mizrahi Tefahot Bank's dividend profile is mixed, with a history of volatility and unreliability over the past decade. Despite this, dividends are well-covered by earnings, with a current payout ratio of 40% and forecasts indicating continued coverage. Recent financials show net income increased to ILS 5.46 billion in 2024 from ILS 4.91 billion in the prior year, supporting potential future stability in dividends despite historical fluctuations. Click here to discover the nuances of Mizrahi Tefahot Bank with our detailed analytical dividend report. According our valuation report, there's an indication that Mizrahi Tefahot Bank's share price might be on the cheaper side. Click through to start exploring the rest of the 66 Top Middle Eastern Dividend Stocks now. Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SASE:7010 TASE:FBRT and TASE:MZTF. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
