Saudi Telecom Company (Jeddah)

 telecommunication services  Add category

Saudi Telecom Company was incorporated in 1998, following the Council of Ministers’ Decree No. 213 dated 23/12/1418 H, approving of the establishment of a Saudi Stock Company under the name of “Saudi Telecom Company”

Accordingly, STC adopted a challenging program aiming to transform its business from government system to the recognized commercial business standards. The company has developed clear strategies focusing on internal re-organization, re-skilling and development of its staff, enhancement of its internal processes and studying its customers’ needs and requirements while continuing carrying out its national and social duties and responsibilities

STC is the leading national provider of telecommunication services in the Kingdom of Saudi Arabia. The company is working continuously to fulfill and satisfy the market requirements, keeping pace with the emerging technologies in the telecommunications sector and satisfying its customer's needs. STC has put in its consideration that, this is the way to reinforce its position and identity in view of a changing world where the role and usage of telecommunications became more significant

Believing in the importance of its customers and fulfillment of their needs, STC has recently adopted its FORWARD Strategy that aims to support and re-enforce its competitive position. Based on this strategy, STC strives to enhance customer- centric culture in all its business aspects. This culture has been reflected in the organizational design of the company that comprises Corporate Center, a number of Functional Units and Four Key Business Units focused on the Key STC Customer Categories which are:

1. Personal BU
2. Home BU
3. Enterprise BU
4. Wholesale BU

In the last few years, STC has gone beyond its local borders to the international markets, forming a network of businesses and investments in a number of GCC countries, Asia & Africa. The company has now foot print in Kuwait, India, Indonesia, Malaysia, Turky and South Africa which has enabled STC to serve a greater number of its customers which the company seeks to increase internationally through studying and evaluation of potential investment opportunities in the future in line with FORWARD Strategy.

The Company has recently achieved several successes and accomplishments, of which the most significant are:

1. Won King Abdul Aziz Quality Award for the year 2008, granted by Saudi Arabian Standards & Specifications Organization (SASO)

2. Won “Transparency Award for Saudi Stock Companies” for the year 2008- granted by BMG Financial Consultations Firm

3. Won “The Best Telecommunications Company Award “ for year the year 2008”, granted by Arabian Business Magazine

4. Acquired class (A+) classification from Standard and Poor’s Agency for Credit Services

5. Acquired class (A 1) Credit rating from Moody’s Investor Service Agency for Credit Services

6. Rated No. 8 among the Top International Fixed Telephone Services Providers Worldwide

7. Rated No.2 among Asian Companies in terms of Market Value

No doubt this success and accomplishments, supported by the significant financial results achieved, have qualified STC for taking a leading and advanced position among telecom operators in the GCC and MENA region