العربية

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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

Transactions with

government and

government related entitie

Revenues related to transactions with government and government entities for the year ended 31 December 2022 amounted to

SAR 0,0 million

(2021: SAR 12,194 million)

expenses related to transactions with government and government entities for the year ended 31 December 2022 (including government chargers) amounted to

SAR 0,00 million

(2021: SAR 6,405 million)

As at 31 December 2022, accounts receivable from government entities totaled

SAR 0,0 million

(2021: SAR 21,616 million)

(For more details, see note 18-2 in the annual financial statements).

as at 31 December 2022, accounts payable to government entities amounted to

SAR 0,0 million

(2021: SAR 1,062 million)

Among the balances with government entities, the group invested SAR 3,902 million in the Sukuk issued by the Ministry of Finance during 2019. (For more details, see note 16-1 in the annual financial statements).

The total balance of receivables with government related entities as of 31 December 2022 was

SAR 0,0 million

(2021: SAR 931 million).

The total balance of accounts payable with government related entities as of 31 December 2022 was

SAR 0,0 million

(2021: SAR 120 million).

Noting that there are no other clients represent of the total balance of trade %10 more than receivables.

Transactions with

related parties

expenses related to transactions with government and government entities for the year ended 31 December 2022 (including government chargers) amounted to

SAR 0,00 million

(2021: SAR 6,405 million)

As at 31 December 2022, accounts receivable from government entities totaled

SAR 0,0 million

(2021: SAR 21,616 million)

(For more details, see note 18-2 in the annual financial statements).

as at 31 December 2022, accounts payable to government entities amounted to

SAR 0,0 million

(2021: SAR 1,062 million)

Among the balances with government entities, the group invested SAR 3,902 million in the Sukuk issued by the Ministry of Finance during 2019. (For more details, see note 16-1 in the annual financial statements).

The total balance of receivables with government related entities as of 31 December 2022 was

SAR 0,0 million

(2021: SAR 931 million).

كما بلغ إجمالي رصيد الذمم المدينة مع الجهات ذات العلاقة بالحكومة كما في 31 ديسمبر 2022م:

0,0 مليون ريال سعودي

(2021م: 931 مليون ريال سعودي).

وبلغ اجمالي رصيد الذمم الدائنة مع الجهات ذات العلاقة بالحكومة كما في 31 ديسمبر 2022م:

0,0 مليون ريال سعودي

(2021م: 120 مليون ريال سعودي).

علماً أنه لا يوجد عملاء آخرون يمثلون أكثر من 10% من مجموع رصيد المدينين التجاريين.

The following is the receivable aging from government entities and government related entities:

Statement (Thousands of Riyals) 31-Dec-22 31-Dec-21
Less than a year 11,695,931 12,675,429
More than one year but less than two years 4,631,346 7,626,172
More than two years 2,983,376 1,314,687
Total 19,310,653 21,616,288