When was Saudi Telecom founded?

Saudi Telecom was founded in 1998 and raised its 1st funding round 16 years after it was founded.

Where is Saudi Telecom located?

Saudi Telecom is headquartered in Riyadh, Saudi Arabia.

Who is the current CEO of Saudi Telecom?

Olayan Mohammed Alwetaid of Saudi Telecom.

How many employees does Saudi Telecom have?

As of Jun 30, 2026, the latest employee count at Saudi Telecom is 18223.

Is Saudi Telecom a funded company?

Saudi Telecom is a funded company, having raised an undisclosed amount across 4 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jan 01, 2014.

When was the latest funding round of Saudi Telecom?

Saudi Telecom's latest funding was a $***** Grant (prize money) round on Jan 01, 2021, with participation from 1 investor.

Where does Saudi Telecom rank among its competitors?

Saudi Telecom ranks 48th amongst 3673 active competitors, of which 52 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Vodafone, which secured $2M in Jan, 2025.

Who are the top competitors of Saudi Telecom?

Saudi Telecom's top competitors include Verizon, AT&T and T-Mobile. Among them, Vodafone secured the most recent funding round in January, 2025.

Saudi Telecom - 2026 Company Profile, Team, Funding & Competitors

Saudi Telecom is a public company based in Riyadh (Saudi Arabia), founded in 1998. It operates as a Telecommunication services provider. Saudi Telecom has raised an undisclosed amount in funding. The company has 3673 active competitors, including 52 funded and 572 that have exited. Its top competitors include companies like Verizon, AT&T and T-Mobile.

Company Details

Saudi Telecom (known as STC) is one of the largest telecom services provider in the Middle East and Africa region. It provides mobile, landline, internet, and computer networking services.It has its own fiber-optic cable network across Asia, the Middle East, and Europe. It also provides telecom services in Bahrain and Kuwait under the brand Viva. In 2022, the company recorded annual revenues of $17.96B and a net profit of $3.24B.

Website: www.stc.com.sa/en/personal/home.html
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Key Metrics

Founded Year

1998

Location

Riyadh, Saudi Arabia

Stage

Public

Latest Funding Round

Grant (prize money), Jan 01, 2021, $*****

Investors

Public Investment Fund & 4 more

Ranked

48^th among 3673 active competitors

Employee Count

18,223 as on Jun 30, 2026

Investment & Acquisitions

Nearpay & 3 more

Similar Companies

Verizon & 4142 more

Exit Details

Public

View Saudi Telecom's full profile

Saudi Telecom got listed on Aug 16, 2018.

Click here to take a look at Saudi Telecom's IPO in detail

Saudi Telecom has raised funding over 4 rounds. Its first funding round was on Jan 01, 2014. Its latest funding round was a Grant (prize money) round on Jan 01, 2021 for $*****. 1 investor participated in its latest round. Saudi Telecom has 5 institutional investors.

Here is the list of recent funding rounds of Saudi Telecom:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 01, 2021	5752436	Grant (prize money)	4999461	7825358	2144168	3081783
Nov 22, 2020	3390789	Post IPO	9575043	4793290	2752936	Western Union
Jan 01, 2017	2555405	Grant (prize money)	6622057	5917321	6802493	Europa

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View details of Saudi Telecom's funding rounds and investors

Saudi Telecom's employee count trend

Saudi Telecom has 18,223 employees as of Jun 26. Here is Saudi Telecom's employee count trend over the years:

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Top competitors of Saudi Telecom include Verizon, AT&T and T-Mobile. Here is the list of Top 10 competitors of Saudi Telecom, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Verizon 1983, New York City (United States), Public	Provider of wireless, internet, TV, and phone services	-	Gibson Wealth Advisors, Morton Brown Family Wealth ... & 17 others	82/100
2nd	AT&T 1876, Dallas (United States), Public	Provider of wireless and internet services	-	J.L. Bainbridge & Company, Elliott Management ... & 13 others	82/100
3rd	T-Mobile 1994, Bellevue (United States), Public	Provider of mobile telecommunication services	-	Alcor Fund, Seyen Capital & 16 others	82/100
4th	Vodafone 1982, Newbury (United Kingdom), Public	Virtual card-linked wallet for consumer payments	-	Coast Capital, Elliott Management & 12 others	81/100
5th	MTN 1994, Fairland (South Africa), Public	Provider of mobile network services	$7.05M	Barclays Bank of Uganda, KCB Group & 38 others	81/100
6th	Optus 1981, North Ryde (Australia), Acquired	Provider of mobile internet services for home and offices	$19.7M	Australian Wildlife Conservancy, Temasek	81/100
7th	Telia Company 1853, Solna (Sweden), Acquired	Provider of integrated telecom and TV services	-	Norvestia, Northwood Ventures & 1 others	81/100
8th	Zain Group 1983, Kuwait City (Kuwait), Public	Telecom services provider	-	Finnfund, Arab Bank & 2 others	80/100
9th	SK Telecom 1984, South Korea, Public	Provider of integrated telecommunication services	-	Deutsche Bank, HSBC & 4 others	78/100
10th	SoftBank 1986, Tokyo (Japan), Series A	Company that offers mobile phones, internet, and clean energy services	$8.99M	Yahoo Japan, Red Badge Management	78/100
48th	Saudi Telecom 1998, Riyadh (Saudi Arabia), Public	Telecommunication services provider	-	Public Investment Fund, VenturesPlus & 3 others	69/100

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Saudi Telecom has not made any acquisitions yet. Saudi Telecom has made 4 investments.

Here is the list of latest three $investments:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Dec 12, 2023	Investments	Nearpay	2020	Riyadh (Saudi Arabia)
Sep 05, 2023	Investments	Telefonica	1924	Madrid (Spain)
Aug 28, 2023	Investments	Rewaa	2018	Riyadh (Saudi Arabia)