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Saudi Telecom Company logo.


STC Establishes Venture Capital Fund

STC Establishes Venture Capital Fund

Riyadh – Saudi Telecom Company (STC) has decided to form a $500 million venture capital fund, a move it said would develop digital innovation in the region. During a news conference in Riyadh on Thursday, STC CEO Khaled Biyari said that the company had first...
Media ID: 55359547
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A pedestrian passes a Vodafone store on Oxford Street in central London, November 10, 2009. REUTERS/Kevin Coombs


Saudi Arabia Extends Zain License for 15 Years

Saudi Arabia Extends Zain License for 15 Years

Riyadh- In a remarkable step, the Capital Market Authority (CMA) announced on Sunday extending Zain Saudi Arabia’s license in the kingdom for 15 years, saying it would also take five percent of the firm’s annual net income. This is a notable step in the...