STC Relocates Media Arm from UAE to Saudi Arabia

STC -0.14%

STC

7010.SA

42.42

-0.14%

Saudi Telecom Company (stc) announced on December 23, 2025, the completion of integrating its media arm, Gulf Digital Media Model Company (Intigral), and relocating operations from the UAE to Saudi Arabia. The integration aims to enhance operational efficiency, maximize digital capabilities, and support customer experience while maintaining services through the stc TV platform. On December 22, 2025, stc's Board of Directors resolved to finalize regulatory and legal procedures, including statutory liquidation of associated legal entities, which will not materially impact stc's financial results.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=92202&anCat=1&cs=7010&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.

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