solutions to continue gaining market share, says CFO

Abdulrahman Alrubaia, CFO, solutions

Arabian Internet and Communications Services Co. (solutions) will continue to grow its market share and maximize revenue across the Kingdom, Chief Financial Officer (CFO) Abdulrahman Alrubaia told Argaam.

This will come through enacting the digital transformation solutions and undertaking successful projects in both public and private sectors, he added.

Alrubaia attributed the company’s Q3 2021 robust figures to its project operating efficiency as well as stronger operating profit margins.

solutions by stc reported a net profit after Zakat and tax of SAR 718 million for the first nine months of 2021, an increase of 14% from SAR 628 million in the same period last year. The net profit after Zakat and tax for Q3 2021 stood at SAR 257 million, up 7% year-on-year (YoY).