Latest news with #stcGroup
Saudi Gazette
6 days ago
- Business
- Saudi Gazette
CIT Minister Alswaha reviews stc Group's digital and technical readiness for Hajj season
Minister of Communications and Information Technology Abdullah Alswaha conducted a field visit on Sunday to stc Group's operations center in Makkah to assess the Group's comprehensive digital, technical, and logistical readiness to serve pilgrims during the 1446 AH Hajj season. The minister was accompanied by Vice Minister and Acting Governor of the Communications, Space and Technology Commission Eng. Haytham Al-Ohali, stc Group CEO Eng. Olayan Mohammed Al-Wetaid, and senior officials. During the visit, stc Group presented its strategic technical plan to ensure optimal service delivery across Makkah, Madinah, and the Holy Sites. The plan includes detailed analysis of network performance at more than 350 key locations, with infrastructure upgrades in areas expected to experience peak capacity. In anticipation of a projected 30% increase in data usage during Hajj, the Group has upgraded over 30 5G sites and developed more than 80 advanced 4G sites. VoLTE (Voice over LTE) technology has also been activated to enhance voice and video communication and enable faster data transmission. To improve coverage, stc has established 21 new sites within the holy sites and deployed 78 mobile communication units to serve high-density areas and zones where permanent infrastructure is difficult to implement. In total, the network will be supported by 421 fixed sites and 77 mobile towers, along with 998 Wi-Fi access points strategically installed to ensure continuous and seamless internet connectivity for pilgrims. The Group has also set up 11 logistics units and 99 maintenance centers across the holy areas, staffed by specialized technical teams operating 24/7 to maintain uninterrupted service throughout the Hajj period. As part of its commitment to digital empowerment and innovation, stc unveiled a pioneering AI-driven initiative to assist pilgrims through multilingual 3D guidance. Featuring one of the largest interactive smart tables in the world, the system enables pilgrims to access comprehensive information about Hajj rituals in an intuitive and user-friendly format.
Wamda
19-05-2025
- Business
- Wamda
Wa'ed Ventures co-leads $19 million Investment in Graphiant
Aramco's Wa'ed Ventures has co-led a $19 million Series B extension in US-based Graphiant, alongside stc Group's Tali Ventures, as part of a broader $102 million Series B round. Other participants in the round include Sequoia Capital, Two Bear Capital, and IAG Capital Partners. Graphiant, founded in 2020 by Khalid Raza, delivers a next-generation Network-as-a-Service (NaaS) platform that enables secure, high-performance enterprise connectivity across hybrid and multi-cloud environments. As part of the agreement, Graphiant will establish its regional headquarters in Riyadh, supporting Saudi Arabia's vision to become a global hub for emerging technologies. Press release: Graphiant, a leading US-based Network-as-a-Service (NaaS) provider, announces closing its $19 million extension round co-led by Wa'ed Ventures, the $500 million VC fund wholly owned by Aramco, and Tali Ventures, the corporate venture capital arm of stc Group. This strategic investment is an extension of Graphiant's $102 million Series B round, which included participation from Sequoia Capital, Two Bear Capital, and IAG Capital Partners. Graphiant is redefining connectivity by delivering a next-generation, cloud-native platform that transforms data networks for AI to meet security challenges while providing improved reliability. With over 13 patents, the company has already deployed its platform with global enterprises including Sony Pictures and Valmont. As part of the investment agreement, Graphiant will establish a regional headquarters in Riyadh, further strengthening the Kingdom's position as a hub for emerging technology. The move aligns with Wa'ed's strategy for localising global technology pioneers and reflects the fund's commitment to supporting advanced digital infrastructure and AI technologies with a strong potential for localisation and scalability in the Kingdom. "By enabling enterprises to deploy secure, high-performance connectivity across multi-cloud and hybrid environments, Graphiant is solving foundational challenges for digital transformation. We are excited to back their expansion into the Kingdom as a strategic partner and look forward to supporting Khalid on his journey to bring world-class digital infrastructure closer to Saudi businesses," said Anas Algahtani, Acting Chief Executive Officer at Wa'ed Ventures. Founded by Khalid Raza, a recognised pioneer in network innovation, Graphiant delivers a cutting-edge approach to building resilient, secure, scalable, and high-performance enterprise networks. Prior to Graphiant, Raza founded Viptela, the first software-defined WAN networking, which was acquired by CISCO in 2017. 'Saudi Arabia is rapidly becoming a global epicentre for innovation,' said Khalid Raza, CEO of Graphiant. 'The strategic partnership with Tali Ventures, Wa'ed Ventures, and the broader support of stc Group marks a defining chapter in our journey. Together, we are committed to building the foundation of next-generation digital economies — starting here in the Kingdom.' 'At stc Group, we are committed to driving digital transformation across the region by investing in global innovation and emerging technologies,' said Motaz Alangari, Group Chief Investment Officer, stc. 'Graphiant's groundbreaking approach to enterprise connectivity aligns with our strategic goals to localise advanced digital capabilities, foster technology transfer, and create scalable solutions for the Kingdom's public and private sectors. We are excited to welcome Graphiant to Saudi Arabia and support their journey to redefine how modern networks are built.' The Network-as-a-Service market is expected to reach $92 billion globally by 2030, fueled by surging demand for flexible, AI-ready connectivity solutions Graphiant's platform positions it at the forefront of this transformation.
Zawya
13-05-2025
- Business
- Zawya
Nokia and stc group pioneer Saudi Arabia's first network slicing over GPON
Once deployed, the solution will enable stc group to offer high-performance, SLA-backed services, allowing the network to serve multiple users and industries simultaneously. Riyadh, Kingdom of Saudi Arabia – Nokia today announced that stc group, Saudi Arabia's leading digital enabler, has successfully completed the kingdom's first PoC for network slicing over a GPON (Gigabit Passive Optical Network) infrastructure. The trial, conducted at stc group's test lab in Riyadh, leveraged Nokia's Altiplano Access Controller — a software solution for automating and controlling broadband access networks. With Nokia's platform, stc group created and managed multiple virtual network slices within its existing GPON infrastructure. Each slice was optimized for specific performance requirements—such as bandwidth, latency, and reliability— to support services ranging from cloud gaming and enterprise connectivity to mobile backhaul, smart city solutions, and secure government operations. By leveraging Nokia's Altiplano controller stc group will be able to dynamically allocate network resources, accelerating service deployment, improving user experience, and optimizing infrastructure efficiency. Network slicing also unlocks new revenue opportunities across wholesale, B2B, and digital infrastructure initiatives. Nokia's Altiplano platform integrates multi-vendor equipment and supports multiple PON technologies through a single interface, ensuring consistent gigabit performance and streamlined operations. Once deployed, the solution will help stc group deliver advanced digital services faster and at scale. "This GPON slicing trial marks a significant step in transforming our network capabilities. Nokia's solution allows us to deliver tailored services with speed, precision, and scalability, advancing our vision of a smarter digital infrastructure for the kingdom,' said Bader Allhieb, VP of Network Infrastructure at stc. "Altiplano empowers service providers to automate and optimize network management, resulting in faster service delivery, improved efficiency, and superior user experiences. By working with pioneers like stc group we're able to redefine what is possible in network automation,' added Ibrahim Al-Abbas, Head of stc Group Sales Unit for Network Infrastructure at Nokia. About Nokia At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future. 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. To know more about stc group: Click here Media inquiries Nokia Middle East & Africa Communications Email:
Arabian Post
28-04-2025
- Business
- Arabian Post
stc Group Named Leading Workplace for Growth in Saudi Arabia
stc Group has been ranked as the top company for career development in Saudi Arabia for 2025 by LinkedIn, reinforcing its position as a major driver of professional advancement in the region. The recognition reflects the telecommunications giant's continued investment in employee growth, skills enhancement, and leadership opportunities during a period of rapid digital transformation in the Kingdom. The LinkedIn Top Companies list, published annually, evaluates organisations based on several critical pillars, including skills growth, company stability, external opportunity, company affinity, gender diversity, and educational background of employees. stc Group secured the top spot after outperforming competitors across these measures, highlighting its emphasis on creating a dynamic and sustainable work environment. The company's prioritisation of employee development aligns with Saudi Arabia's Vision 2030 agenda, which seeks to diversify the economy and build a thriving private sector. stc Group has implemented numerous initiatives aimed at cultivating talent, including internal leadership academies, technical training programmes, and partnerships with leading educational institutions. These efforts are designed to equip its workforce with the digital capabilities and leadership competencies required to thrive in a highly competitive and evolving market. LinkedIn's analysis highlighted that stc Group demonstrated exceptional commitment to employee advancement, with many staff members acquiring new skills and transitioning into leadership roles within the company. This has contributed to the organisation's reputation as a destination employer for professionals seeking both stability and growth in the Kingdom's vibrant technology and communications sector. stc Group's strong performance is also attributed to its comprehensive employee benefits packages, flexible working arrangements, and strategic focus on diversity and inclusion. The company has been recognised for fostering an inclusive workplace culture where opportunities for advancement are accessible across gender and educational backgrounds. This approach is particularly significant as the Kingdom intensifies efforts to boost female participation in the workforce. See also La Liga's 'Next Gen Draft' Unveils UAE's Rising Football Stars The telecommunications sector has seen a major expansion across Saudi Arabia as part of broader efforts to build a digital economy. stc Group has played a central role in deploying 5G infrastructure, expanding fibre optic networks, and investing in emerging technologies such as cloud computing, artificial intelligence, and cybersecurity. This strategic positioning has not only driven the company's financial success but has also created a wealth of career opportunities for local and international talent. In addition to its domestic achievements, stc Group has expanded its presence across regional markets, acquiring stakes in companies in Bahrain, Kuwait, and other Gulf Cooperation Council countries. This regional footprint has enabled the company to offer diverse career pathways and foster cross-border professional experiences for its employees. stc Group's emphasis on continuous learning has been underscored by the launch of its dedicated Digital Academy, which offers specialised programmes in areas such as data science, cybersecurity, software development, and project management. Through a combination of classroom instruction, online modules, and practical experience, the academy equips employees with the technical expertise needed to lead in the Fourth Industrial Revolution. The company's innovation-driven culture has been further reinforced by its establishment of various innovation hubs and research centres, encouraging employees to work on cutting-edge projects that have direct commercial and societal impact. This approach has strengthened employee engagement, enhanced creativity, and driven a spirit of entrepreneurship within the organisation. The recognition by LinkedIn also comes as stc Group pursues its ambitious DARE strategy, aimed at driving digital transformation, accelerating business growth, reinforcing operational efficiency, and enabling sustainability initiatives. The company's strategy outlines a clear roadmap for adapting to global technology trends while building a future-ready workforce. According to data from LinkedIn's survey, professionals employed at stc Group have experienced higher levels of job satisfaction and career advancement compared to peers in other companies. Many employees have cited the firm's mentorship programmes, skills training, and international exposure as key reasons for their professional development. Notably, the company's focus on promoting female leadership has begun to bear fruit, with women increasingly occupying senior roles across various divisions. This achievement mirrors the broader social and economic reforms underway in Saudi Arabia, where gender parity and empowerment initiatives are gaining momentum across industries. Saudi Arabia's labour market has been undergoing a transformation, with employers placing greater emphasis on skills-based hiring and career progression pathways. stc Group's leadership position in this context underlines its ability to adapt to changing workforce expectations and technological shifts, ensuring that it remains an employer of choice for top talent. The telecommunications giant's recognition is expected to further enhance its brand reputation among young professionals and graduates, many of whom view LinkedIn's Top Companies list as an important guide when considering future employers. stc Group's investment in youth initiatives, graduate recruitment programmes, and internships has positioned it strongly to attract the next generation of digital leaders. Beyond technical expertise, stc Group has also focused on cultivating soft skills such as leadership, collaboration, and adaptability among its workforce. The company's comprehensive talent development strategy is designed to build holistic capabilities, ensuring employees are well-prepared to navigate the complexities of the global digital economy.
Zawya
28-04-2025
- Business
- Zawya
Saudi: STC reports strong first-quarter 2025 results with 11% rise in net profit
Saudi Arabia - stc announced its preliminary financial results for the period ending March 31, 2025, highlighting strong performance across key metrics. Revenues for the first quarter reached SR19,210 million, an increase of 1.60% compared to the same quarter last year. Gross profit rose to SR9,098 million, marking a 5.01% increase year-on-year, while operating profit reached SR3,584 million, up 2.02%. Earnings before interest, taxes, zakat, depreciation, and amortization (EBITDA) climbed to SR6,120 million, reflecting a 5.25% growth compared to the comparable quarter last year. Net profit for the first quarter rose to SR3,649 million, an increase of 11.05%. In line with its dividends distribution policy approved by the General Assembly, stc announced a distribution of SR0.55 per share for the first quarter of 2025. Commenting on the results, Eng. Olayan Alwetaid, CEO of stc Group, emphasized that the Group's ambitious strategy and forward-looking vision had delivered an excellent performance in the first quarter. He noted the company's achievement of 1.60% revenue growth, 5.01% gross profit growth, and an impressive 11.05% rise in net profit compared to the same period last year. The GCEO affirmed that these results reflect the Group's unwavering commitment to innovation, operational efficiency, sustainable growth, and creating added value for shareholders, customers, and the broader digital economy. Eng. Alwetaid also highlighted several strategic milestones achieved early in 2025, further strengthening stc's position in the telecommunications and information technology sector. Among these was a new global milestone as the Group successfully localized the software for eSIM technology in collaboration with Thales, making stc the first telecom operator in the world to obtain the SAS-UP license certification from the GSMA. The GCEO stressed that this achievement complements stc's ongoing efforts to support local content in the ICT sector through business localization and the transfer of manufacturing and technical expertise to the Kingdom. In line with its commitment to enhancing the region's digital communication infrastructure, stc signed a strategic agreement with Ooredoo to establish an international ground fiber network corridor between Saudi Arabia and Oman. This project, beginning with the Saudi-Oman corridor, aims to enhance regional connectivity by creating an integrated ground fiber network with two backup routes, linking submarine cable landing stations on the Red Sea in Saudi Arabia to counterparts on the Arabian Sea in Oman, passing through dedicated data centers in both countries. This agreement reaffirms stc Group's commitment to delivering advanced communication solutions, enhancing intercontinental connectivity, and driving digital transformation to support the region's economic growth. Additionally, stc Group strengthened its position in cloud computing and artificial intelligence by signing an agreement with Amazon Web Services (AWS). This partnership significantly boosts the Group's ability to deliver advanced technological solutions tailored to diverse sectors, reaffirming its commitment to advancing an integrated digital economy and leading the future of smart technology in the Kingdom and beyond. In a further demonstration of its commitment to excellence in digital services, stc enhanced its telecommunications network at the Two Holy Mosques during the holy month of Ramadan. By strengthening its infrastructure to meet peak demand, the Group achieved a 120% increase in connection speeds, ensuring an exceptional communication experience for visitors during the busiest periods. Finally, stc Group reaffirmed its commitment to continuing its pioneering journey by enabling digital transformation and driving national economic growth through strategic initiatives that empower various sectors. The Group aims to further solidify its position as a key partner in building a sustainable digital future aligned with the Kingdom's aspirations and its vision for a diversified, innovation-driven economy. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
