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stc
Annual Report
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A brief overview of stc
Group

 

,The performance, activities

and investments of stc Group

and its subsidiaries during

the year 2022

 

Risks management

and transactions with

related parties

 

Board of Directors and
Committees

 

Dividends Policy and Distribution

and Board Recommendations and

Compensation

 

Conclusion

 

Financial Consolidated

Statements

A brief overview of stc Group The performance, activities, and
nvestments of stc Group and
its subsidiaries during the year 2022 Risks management and transactions
with related parties Board of Directors and Committees Dividends Policy and
Distribution and Board
Recommendations and Compensation Conclusion Financial Consolidated
Statements
winter

Driving

Digitization

2022

Annual report

Chairman's
Message

In 2022, stc Group made considerable progress in realizing this strategy through new initiatives launched and cementing the foundations for continued growth.

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Message of His Highness Chairman
Message of His Highness Chairman

Mohammed K. A. Al Faisal

Chairman of the Board of Directors

Total gross profit grew by

37,393

SAR million

to

%10.65

Eng. Olayan Mohammed Alwetaid

Chief Executive Officer (CEO)

Chairman's
Message

In 2022, stc Group made considerable progress in realizing this strategy through new initiatives launched and cementing the foundations for continued growth.

Read More

Read More

Message of His Highness Chairman
Message of His Highness Chairman

Mohammed K. A. Al Faisal

Chairman of the Board of Directors

Eng. Olayan Mohammed Alwetaid

Chief Executive Officer (CEO)

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to

10.65%

Total gross profit grew by

37,393

SAR million

Sustainability and Social

Responsibility

Help build

better future

and it believes the steps it has taken to date are already catalyzing digital transformation across the entire Kingdom. stc aims to be a role model by taking responsibility and positively contributing to the environment, economy, and society.

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0K

SAR

investment per project with total annual investments of SAR 1M.

1,338

technical services provided across 56 cities.

Financial Performance
of the Group

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  • stc shareholders
    rights
    stc’s shareholders’ equity amounted to

    73,500

    SAR million

    at the end of 2022, compared to SAR 69,271 million at the end of 2021, with an increase of 6.11%.

    6.11%

  • Total overall
    profit
    Gross profit for the year 2022 amounted to

    37,393

    SAR million

    compared to SAR 33,794 million for 2021, with an increase of 10.65%

    10.65%

  • Net profit for
    the year 2022
    Net profits for the year 2022 amounted to

    12,171

    SAR million

    SAR 12,171 million compared to SAR 11,311 million for the year 2021, with an increase of

    %7.0

  • Revenues
    Revenue for the year 2022 amounted to

    67,432

    SAR million

    compared to SAR 63,008 million for 2021, with an increase of 7.02%

    7.02%

  • Total liabilities
    Total liabilities amounted to

    61,194

    SAR million

    at the end of 2022 compared to SAR 56,393 million at the end of 2021, with an increase of 8.51%.

    8.51%

  • Operating Profit
    Operating profit for the year 2022 amounted to

    15,088

    SAR million

    compared to SAR 13,128 million for 2021, with an increase of 14.93%.

    14.93%

Human Resources

& stc Academy

Driven by vision 2030, stc brainstormed possible scenarios on how we would like to be seen within and across stc Group, and how can we echo successful HR practices elsewhere.

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Driven by vision 2030, stc brainstormed possible scenarios on how we would like to be seen within and across stc Group, and how can we echo successful HR practices elsewhere.

Saudization rate of

%87.4

Total women headcount in 2022 is

4,414

compared to 3,996 in 2021.

Hiring

4,244

Saudi Nationals.