Saudi Telecom Stock - Sunday background on strategy and state ownership

Saudi Telecom remains a core player in Saudi Arabia’s digital infrastructure. With majority state ownership and ongoing investments in networks and ICT services, the stock reflects both national strategy and regional telecom dynamics.

Edited by ad hoc news Background & Management Desk. Verified prior to publication on 06/21/2026, 16:06 UTC. Details in the imprint.

Saudi Telecom (SA0007879021) is one of the largest telecom groups in the Middle East and a key pillar of Saudi Arabia’s digital agenda. In the absence of fresh market-moving corporate news on Sunday, this background report looks at the group’s ownership, strategy and role in the kingdom’s infrastructure.

State ownership and role in the kingdom

Saudi Telecom is listed on the Saudi Exchange under the ticker 7010 and is majority owned by Saudi Arabia’s Public Investment Fund (PIF), which holds around 64% according to recent ownership disclosures. This makes the group an important tool for implementing national digital and infrastructure policy.

The company provides fixed-line, mobile and broadband services across the kingdom, and also has regional investments in operators such as Kuwait’s Viva and Bahrain’s stc Bahrain. Its network assets and data centers are central to national plans to diversify the economy and expand digital services under Vision 2030.

Management, governance and regional position

Management has in recent years emphasized diversification into information and communication technology (ICT) services, cloud, cybersecurity and digital platforms in addition to traditional voice and data. The group operates through units such as stc pay, which provides digital payments services.

Saudi Telecom is also positioned as a regional wholesale and connectivity hub, including through international cable systems and partnerships. That regional role helps underpin the company’s scale and reinforces its importance for both domestic and cross-border data traffic.

What the company sells

Saudi Telecom generates most of its revenue from mobile and fixed telecom services for consumers and businesses, as well as broadband and data services. In addition, it is expanding ICT solutions, cloud services and digital payment offerings through branded services such as stc pay.

Where the stock trades today

Saudi Telecom shares trade on the Saudi Exchange in Riyadh under the ticker 7010; the most recently available quote from a secondary data provider shows a price of around SAR 44 per share, but investors should consult a live trading system for up-to-date prices.

Key facts on Saudi Telecom stock

• Company: Saudi Telecom Co.
• ISIN: SA0007879021
• WKN: 813963
• Ticker: 7010
• Venue: Saudi Exchange (Tadawul)
• Price (as of last available close): around 44.00 SAR
• Market cap: around 88 billion SAR based on recent secondary data estimates
• Sector / Industry: Telecommunication Services / Integrated Telecom
• Index membership: Tadawul All Share Index (TASI)
• Next earnings date: not officially scheduled

This article was AI-assisted and editorially reviewed. Price and company data without warranty; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Trading securities involves risk up to total loss of capital.