On STC Solutions Solutions Saudi Telecommunications, Alian Mohammed Alutid said that the STC is a strategic step for the company to ensure its continuity in providing services.
"The Saudi Telecom has occurred during the conference agreements to expand the 5G network with its partners Huawei, Nokia and Ericsson,
He added that the company's public offering administration was appointed following the consent of the Capital Market Authority to launch 20% of 24 million shares from STC solutions.
"In the near future, the IPO will be launched in cooperation with the Capital Market Authority and then put forward the company for trading, pointing to the subtraction and insertion will be within a period of two to two months.
He explained that the subtraction is to sell 20% STC solutions and not increase its capital.
The CEO of Saudi Telecom confirmed that STC is a strong financial solutions and strategic plans and will have a brilliant future.
He noted that STC solutions worked in the technical sector, which is very promising and growing globally and in the Kingdom significantly, and the company has great strategic plans and new investors will be partners in this success.
> The STC PAY has turned to a digital bank, the Saudi Telecom CEO said. The Digital Bank's work model depends on digital solutions to bank services, a qualitative shift to support The national economy and achieving the strategic objectives of the Financial Sector Development Program.
He explained that banking services will be submitted by technical nature. He is not currently entering partners from traditional banks in the new digital bank.
He stressed that the focus is currently a digital bank on the ground.
