Saudi Arabia's stc Group Acquires 9.9% Stake in Telefonica

stc Group’s growth strategy has resulted in a number of investments in the Information, Communication and Technology sector inside Saudi Arabia and globally
stc Group’s growth strategy has resulted in a number of investments in the Information, Communication and Technology sector inside Saudi Arabia and globally
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Saudi Arabia's stc Group Acquires 9.9% Stake in Telefonica

stc Group’s growth strategy has resulted in a number of investments in the Information, Communication and Technology sector inside Saudi Arabia and globally
stc Group’s growth strategy has resulted in a number of investments in the Information, Communication and Technology sector inside Saudi Arabia and globally

stc Group has announced that it had acquired a 9.9% stake in Telefonica, one of the largest telecommunications companies in the world with a significant presence in Spain, Germany, the UK, and Brazil, for a total consideration of SAR 8.5 billion (EUR 2.1 billion).

This acquisition represents another milestone in stc Group’s expansion and growth strategy, and reflects stc Group’s confidence in Telefonica’s sustainable growth and upside potential, it said in a statement.

Telefonica benefits from a unique portfolio of best-in-class infrastructure assets and cutting-edge technology platforms, where it is developing state-of-the-art capabilities in adjacent areas such as cognitive intelligence, edge computing and IoT (Internet of Things).

stc Group’s growth strategy has resulted in a number of investments in the Information, Communication and Technology sector inside Saudi Arabia and globally, the most recent being the acquisition by Tawal – a subsidiary of stc Group – of United Group’s telecommunications tower assets in Bulgaria, Croatia and Slovenia.

“Telefonica and stc Group share many similarities, with a vision to use technology to connect people and a strategy to drive growth. This long-term, significant investment by stc Group is a continuation of our growth strategy, as we invest in vital technology and digital infrastructure sectors across promising markets globally,” said Chairman of stc Group Mohammed K. A. Al Faisal.

CEO of stc Group Olayan Alwetaid commented: “Our investment in Telefonica demonstrates our confidence in Telefonica’s leadership, strategy and ability to create value. As long-term, supportive shareholders, we are committed to strengthening our partnership.

We do not intend to acquire control or a majority stake but rather we see this as a compelling investment opportunity to use our strong balance sheet while maintaining our dividend policy.”



SAMI to Showcase Cutting-Edge Innovations at Saudi Pavilion at IDEX 2025

SAMI to Showcase Cutting-Edge Innovations at Saudi Pavilion at IDEX 2025
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SAMI to Showcase Cutting-Edge Innovations at Saudi Pavilion at IDEX 2025

SAMI to Showcase Cutting-Edge Innovations at Saudi Pavilion at IDEX 2025

The Saudi Arabian Military Industries (SAMI), a Public Investment Fund company, announced on Sunday its participation in the International Defense Exhibition and Conference (IDEX) 2025 under the Saudi Pavilion led and organized by the General Authority for Military Industries (GAMI).

The exhibition is scheduled to take place from February 17 to 21 in Abu Dhabi, UAE.

The Saudi Pavilion will bring together leading Saudi government agencies and companies specialized in the field of military industries, where SAMI will showcase its latest products across its various divisions.

In a statement, SAMI said key exhibits will feature SAMI Land’s upgraded SAMI Light Armored Tactical Vehicle (SLTV) with new and improved specifications, and ROAYA, the Remote Turret—both cutting-edge products designed and built entirely in Saudi Arabia.

SAMI AEC will showcase its innovations in command, control, communications, and intelligence (C4I) systems, alongside other advanced systems and products.

As Saudi Arabia’s leading national defense partner, SAMI's presence at IDEX 2025 underscores its commitment to supporting Vision 2030’s goal of localizing 50% of the Kingdom’s defense spending.

"Through its participation, SAMI highlights the remarkable growth and transformation within the Kingdom’s defense sector, fostering innovation, empowering national talent, and strengthening Saudi Arabia’s position on the global stage," said the statement.