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FINANCIAL NEWS
Saudi Telecom reports USD520m profit in Q3
21 Oct 2012
(MENAFN) Saudi Telecom Co (STC) posted a 25 percent increase in quarterly profits on stronger growth in broadband and business sector services, Reuters reported.
The company said it made USD520 million net profit during the third quarter, up from a year earlier.
STC pushed demand for broadband in recent quarters, through offering bundle packages to woo customers back from rival operators Etihad Etisalat (Mobily) and Zain Saudi.
STC is the largest Gulf telecom operator by market value, with operations across the Muslim world from Indonesia to Turkey.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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