On January 17, 2023, stc sold a land owned by it, with a book value of SAR 82 million through a public auction, at a value of SAR 1,378 million. This land has been reclassified as an asset held for sale as at 31 December 2022 (For more details, see note 10 in the annual financial statements).

On 11 January 2023, Solutions signed the sale and purchase agreement to acquire 100% of Contact Center Company (“CCC”) which is subject to a number of pre-closing conditions, including -but not limited to- obtaining the approval from the relevant authorities such as the approval of the General Authority for Competition-GAC (approved on 05/03/2023), as well as other regulatory and commercial conditions (For more details, see note 8-2-1 in the annual financial statements).

In January 2023, Saudi Central Bank lifted the restrictions on the deposited capital of stc Bank for the amount of SAR 1,552 million, which was deposited for the conversion of the Bank from a limited liability company to a closed joint stock company.

On January 23, 2023, stc obtained licenses to provide internet service on board aircraft, as well as mobile communications service via satellite in the Kingdom of Saudi Arabia, for a financial consideration of SAR 427 million for a period of 15 years, starting from 2023.