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Kuwait Telecommunications Company K.S.C.P. (Kuwait)

Main Activities: Wireless Telecommunications Carriers (except Satellite)
Full name: Kuwait Telecommunications Company K.S.C.P. Profile Updated: June 20, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Kuwait Telecommunications Company (stc) is a Kuwaiti shareholding company incorporated on July 22, 2008, with a share capital of KD 50 million. It operates and manages the third GSM versatile system in Kuwait according to Law No. 2 of 2007. stc is a leading brand in the telecommunications industry and a subsidiary of stc Group. It provides innovative services and platforms, enabling the digital transformation of the region. In 2014, stc was listed on Boursa Kuwait. In 2019, stc acquired Qualitynet General Trading and Contracting Company, the leading Internet Service Provider in Kuwait. In 2022, stc increased its share capital to KD 99.9 million through the distribution of 100% bonus shares to its shareholders. It also acquired E-portal Holding Company and its subsidiaries, one of the prominent ICT providers in Kuwait. stc aims to support Kuwait's vision for 2035 and provide its customers with a unique portfolio of products and services. It offers opportunities in telecommunications, entertainment, information, digital and data transfer services, and prioritizes delivering the best customer experience. stc has a customer base of 2.3 million and is known for its strong brand name, which is ranked 11th among the world's highest value trademarks in the telecom sector by Brand Finance. stc strives to stay updated with the latest technical and digital developments in the ICT sector.

Headquarters
Al-Khansa Street - Olympia Building Floor 5-20, P.O. Box 181
Salmiya; Hawalli Governorate; Postal Code: 22002

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Website: http://www.stc.com.kw

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
2008
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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Subsidiaries
E-Portal Holding Company K.S.C (Closed)
Quality Net General Trading Contracting Company W.L.L
Company Performance
Financial values in the chart are available after Kuwait Telecommunications Company K.S.C.P. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency KWD. Absolute financial data is included in the purchased report.
Net sales revenue
0.76%
Total operating revenue
0.26%
Operating profit (EBIT)
1.73%
EBITDA
-1.27%
Net Profit (Loss) for the Period
1.38%
Total assets
2.25%
Total equity
-0.95%
Operating Profit Margin (ROS)
0.14%
Net Profit Margin
0.06%
Return on Equity (ROE)
0.24%
Debt to Equity Ratio
-1.75%
Quick Ratio
-0.09%
Cash Ratio
0.04%

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