stc posts highest annual revenue in past 8 years on increased demand, says CEO

Nasser Al Nasser, CEO of stc Group

stc Group achieved the highest annual revenue in the past 8 years, group CEO Nasser Al Nasser said in a statement, of which Argaam received a copy.

This achievement was primarily due to the increased demand for stc's various services & products, and the company’s ability to meet this demand promptly and efficiently, especially during COVID-19 pandemic.

Al-Nasser also pointed out to stc’s success as a digital enabler for the Saudi G20 presidency, where stc provided critical telecommunications and digital services for all meetings as well as expanding the 5G network by 130% to accommodate the increase in digital services during the G20 summit, which has concluded successfully.