According to the STC 2018 annual report for the company, the total contribution of the company to the national GDP in the Kingdom of Saudi Arabia reached SAR 168 billion, starting from the year 2000 AD until the end of 2018, and this amount represents the value of government fees paid to the state In addition to the country's share of annual profits.
The annual report published today in conjunction with the STC partnership for the Financial Sector Conference revealed that the company is steadfastly performing its pivotal role in achieving the goals of the Kingdom's Vision 2030 and the National Transformation Program 2020 by enabling digital transformation in the government and private sectors and investing in The digitization of the economy, in harmony with its ambitious strategy, dared to complete its first year in 2018 with remarkable success.
Speakers in the statement, a copy of which was obtained by Namazans, pointed out that STC, which is in its twentieth year, is an inspiring success story in the privatization of government institutions in Saudi Arabia after it was transformed from the Ministry of Post, Telegraph and Telephone to Saudi Telecom Company in the year 1998 before the company renamed its brand to STC in 2008.
It is worth noting that, the Saudi Telecom Company announced in its today to Ben the Saudi market, its intention to establish an international bond program with a total amount not exceeding $ 5 billion.
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