Saudi Telecom Co 2023 AR2
The report highlights Saudi Telecom Company's (stc) financial and operational performance for the fiscal year 2023, showcasing a record revenue of SAR 72.34 billion and a net profit of SAR 13.30 billion. Key achievements include expanding its 5G network coverage to 47.5% of residential areas in Saudi Arabia and growing its international footprint through the acquisition of a 9.9% stake in Telefónica and telecom tower assets in Europe. On sustainability, stc advanced its ESG rating to BB by MSCI and received validation from the Science Based Targets initiative (SBTi) for its emissions reduction targets, aiming for net-zero carbon emissions by 2050.
Company: Saudi Telecom Co
Sector: Communication Services
Country: Saudi Arabia
Year: 2023
Type: AR2
Pages: 134
Saudi Telecom Co
Annual Report
The report highlights Saudi Telecom Company's (stc) financial and operational performance for the fiscal year 2023, showcasing a record revenue of SAR 72.34 billion and a net profit of SAR 13.30 billion. Key achievements include expanding its 5G network coverage to 47.5% of residential areas in Saudi Arabia and growing its international footprint through the acquisition of a 9.9% stake in Telefónica and telecom tower assets in Europe. On sustainability, stc advanced its ESG rating to BB by MSCI and received validation from the Science Based Targets initiative (SBTi) for its emissions reduction targets, aiming for net-zero carbon emissions by 2050.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Net Zero Target
Employees