Saudi Telecom Company
Budget
€10 — €0
EP Access
0
accredited persons
Staff
5
0.5 FTE
EU Grants
None
Mission & Goals
Est. 1998, stc Group is a digital enabler headquartered in Riyadh, focused on driving digital transformation in the Kingdom and wider region by offering digital solutions and services. The group provides a comprehensive suite of services encompassing digital infrastructure, cloud computing, cybersecurity, Internet of Things, digital payments, digital media, and digital entertainment. stc Group comprises 13 operating subsidiaries across the Kingdom of Saudi Arabia, MENA and Europe. stc’s growth is centered around 3 core value pillars: (i) investing in integrated telecom and digital infrastructure assets; (ii) enabling emerging technologies and platform-based services; and (iii) supporting regional and cross-border expansion to drive long-term value creation. Policies of the EU, particularly digital infrastructure, FSR, competition, and FDI are relevant to stc’s activities and inform investment decisions and direction. stc Group is committed to understanding the EU’s policy objectives.
EU Legislative Interests
Regulations related to Foreign Direct Investment (FDI), Foreign Subsidies Regulation (FSR) and Competition (EU Competition Law)
Communication Activities
We have been asked to clarify the reason for submitting a transparecy request. As indicated above in this section 9, we are looking to hold meetings with EU Commission representatives in connection with FDI, FSR and Competition Law related matters.
Interests Represented
Promotes their own interests or the collective interests of their members
Member Of
stc is a member of the Global System for Mobile Communications Association (GSMA)
Organisation Members
stc is a listed entity with an ownership structure comprising a majority stake of 62% held by the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia. The remaining shares are publicly traded on the Saudi Stock Exchange (Tadawul) and are held by a diverse mix of institutional and retail investors. stc Group comprises 13 direct operating subsidiaries across the Kingdom of Saudi Arabia, the Middle East, North Africa, Asia and Europe. Further details on stc’s operating subsidiaries can be found at: stc Group Subsidiaries.
Additional Information
N/A
Commissioner Meetings
No recorded meetings with EU commissioners.