Latest news and articles about stc from NEX English
The stc Group plays a vital role in supporting the digital economy in Saudi Arabia, continuing to expand its digital infrastructure and enhance its market position. The group recorded its highest revenues in two decades, reflecting the success of its digital transformation strategies.
STC Group has announced the launch of innovative digital solutions under the 'Road to Mecca' initiative, aimed at facilitating and improving the experience of pilgrims during their journey to Mecca. This initiative reflects the Kingdom's commitment to enhancing Hajj and Umrah services.
The Saudi financial market index continued its upward trajectory, opening with a rise of <strong>0.17%</strong> at <strong>11,198 points</strong>. This increase comes as investors assess the financial results of major companies released recently.
stc Group announced its preliminary financial results for Q1 2026, reporting revenues of <strong>19.9 billion Saudi Riyals</strong>, reflecting a growth of <strong>3.8%</strong> compared to the same period last year. The net profits increased by <strong>12%</strong> after excluding non-recurring items.