Saudi Telecom stock broadens its digital expansion strategy

Published on 10/07/2026 at 09:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Saudi Telecom stock posted Q2 revenue of SAR 20.17 billion and net income of SAR 3.62 billion for the period ended June 30, 2026. The October 5 digital strategy update adds logistics, tourism, sports and real estate to the growth map.

Saudi Telecom, SA0007879543, Illustration mit AI erstellt.

Saudi Telecom stock was last at SAR 42.80 on Tadawul on October 6, 2026, after the company outlined a broader digital expansion spanning logistics, tourism, sports and real estate. The move gives the telecom operator a second growth angle as investors weigh its latest quarterly figures against its wider investment program.

Digital expansion broadens the growth map

According to Argaam on October 5, 2026, Saudi Telecom is expanding digital solutions and investments in logistics, tourism, sports and real estate to diversify revenue. The announcement shifts the discussion beyond connectivity and toward a portfolio that includes cloud, data, cybersecurity, digital banking and other technology services.

That strategy matters because the Saudi Exchange describes Saudi Telecom as a telecommunications and information technology company with operations across fixed and mobile networks, cloud services, Internet of Things solutions and digital banking. Its subsidiaries include data-center, cybersecurity and digital-payment businesses, according to the exchange profile dated September 30, 2026.

Second-quarter revenue edges higher

Saudi Telecom reported SAR 20.17 billion in second-quarter revenue for the period ended June 30, 2026, compared with SAR 19.94 billion in the first quarter. The increase was 1.2 percent, while net income attributable to shareholders fell to SAR 3.62 billion from SAR 3.70 billion, a decline of 2.0 percent, based on the Saudi Exchange financial tables.

According to Saudi Exchange, second-quarter earnings per share were SAR 0.73, compared with SAR 0.74 in the first quarter. The figures show a modest revenue gain but softer quarterly profitability, making execution in the newer digital businesses an important variable for the next report.

Consensus target stays above the market

The analyst view remains constructive. Investing.com lists a Buy consensus from 18 analysts, with 9 Buy ratings, 9 Holds and no Sell ratings. The average 12-month target is SAR 48.33, with a high of SAR 55.00 and a low of SAR 42.70.

At SAR 42.80, the average target lies 12.9 percent above the stock price. The lower end of the published range sits only SAR 0.10 below the latest quote, which leaves the consensus spread wide despite the positive overall rating.

Saudi Telecom stock stays below its yearly high

The share price was last at SAR 42.80 on Tadawul on October 6, 2026, down 0.70 percent from the prior close of SAR 43.10. The session range was SAR 42.80 to SAR 43.04, volume was 2,972,562 shares, and the market capitalization was SAR 213.6 billion. The price stood 5.7 percent below the 52-week high of SAR 45.38 and 6.5 percent above the 52-week low of SAR 40.20.