| Element List | Announcement Detail |
| Explanation | Saudi Telecom Company -stc- (The Company) announces that it is currently considering the possibility of an initial public offering (IPO) in the Saudi Stock Exchange (Tadawul) for Arabian Internet and Communications Services Company –solutions by stc - (100% owned subsidiary located in the Kingdom of Saudi Arabia). solutions by stc provides core ICT services, IT managed services, and digital services.
stc is currently conducting a detailed feasibility studies to cover all organizational, financial and technical aspects to determine the possibility of the IPO. stc is also evaluating the extent to which this offering would support the company's strategy and the potential value add to the company and its shareholders. Further, the decision of solutions by stc IPO is subject to completing the necessary regulatory procedures and obtaining approvals from the relevant authorities. Any material developments will be announced in due course. |
| ELEMENT LIST | EXPLANATION |
|---|---|
| Announcement Detail | Saudi Telecom Company -stc- (The Company) announces that it is currently considering the possibility of an initial public offering (IPO) in the Saudi Stock Exchange (Tadawul) for Arabian Internet and Communications Services Company –solutions by stc - (100% owned subsidiary located in the Kingdom of Saudi Arabia). solutions by stc provides core ICT services, IT managed services, and digital services.
stc is currently conducting a detailed feasibility studies to cover all organizational, financial and technical aspects to determine the possibility of the IPO. stc is also evaluating the extent to which this offering would support the company's strategy and the potential value add to the company and its shareholders. Further, the decision of solutions by stc IPO is subject to completing the necessary regulatory procedures and obtaining approvals from the relevant authorities. Any material developments will be announced in due course. |
