0%

DIGITAL ANNUAL REPORT 2025

Connecting bridges to

a digital tomorrow

Video Preview

2025
annual report

About stc

Kuwait’s most trusted and innovative telecom operator for over 17 years, stc is dedicated to advancing Vision 2035 by powering the nation's digital transformation and positioning the country as a leading financial and commercial hub in the region.

Over the past decade, we have solidified our position as the fastest growing and most advanced telecom operator in Kuwait. In support of building the largest 5G network in the country and being the first in the region to launch 5G Stand Alone Technology, stc launched the “5G Advanced” network to enable more precise connectivity, higher speeds, and more intelligent network capabilities that align directly with the objectives defined under Kuwait Vision 2035.

Across our 64 branches and digital platforms, we offer a comprehensive portfolio of products and services tailored to meet the diverse needs of both individual and enterprise customers. From telecommunications and entertainment to information, digital solutions and data transfer services, we are committed to delivering exceptional experiences and outstanding support to our 2.3+ million customers – wherever they are, whenever they need it.

×

Our Brand

Kuwait Telecommunications Company (stc) has a brand name which considered the most expensive and valuable brands in the Middle East in the telecom sector, which is a unified trading brand of the group’s companies in KSA, Kuwait, and Bahrain. The Group’s brand name was ranked 3rd strongest telco brand in the world by Brand Finance. stc’s strong brand name is one of the key factors that enhanced the company’s position in telecom market in the region and the gateway through which Kuwait Telecommunications Company (stc) seeks to keep abreast of the latest technical and digital developments in the ICT sector.

×

Solutions by stc

stc completed the acquisition on May 6, 2019 of the entire capital of Qualitynet (solutions by stc), the company’s arm specializing in providing integrated business solutions, Internet services and fixed broadband services, this process was one of the crucial steps in our journey to improving the business solutions that stc offers to its customers. This milestone combined the strengths of two established and well positioned telecom companies with prestigious and strong position in the telecom and ICT sector, as well as paving the way for both individual and enterprise customers to achieve their desired goals.

e-Portal Holding Company and its subsidiaries

On 6 April 2022, stc has completed the acquisition of the entire share capital of e-Portal Holding Company and its subsidiaries, specializing in communications and ICT in Kuwait, one of the most prominent companies in this field. E-Portal represents stc’s dedicated digital transformation arm for the B2B sector, providing Information and Communication Technology (ICT), Internet of Things (IoT), as well as cloud services, and serving as a leading Oracle solutions provider in the State of Kuwait through its subsidiaries, Al Dar Systems and J.M.T. Al Ghanim & Sons Co., delivering end-to-end enterprise technology solutions across the public and private sectors. In addition, JMT serves as Oracle’s official distributor in Kuwait, bringing over two decades of Oracle delivery excellence across Business Intelligence, Database, Financials, Supply Chain, Human Capital Management, and enterprise integration technologies.

Kuwaiti
61%
employees are
Kuwaiti nationals
Employees
373
employees
Operations
17
years
in operations
Coverage
100%
coverage of
residential and
populated areas

Values

Dynamism

Outstanding energy to enhance and enrich our performance. We are agile, collaborative and fresh.

Devotion

Determined to be a "customer centric" company for our clients and an inspirational workplace for our employees. We are caring, committed and trustworthy.

Drive

Moving forward and enabling the best possible solutions for our clients and employees. We are proactive, inventive and inquisitive.

Purpose

stc aspires to a new digital age transforming our nations and economies.

stc creates products and services beyond the traditional telecommunications services to enable the digital pillars of the new digital economy. At stc, we combine smart technologies with the most advanced systems to harness the digital capabilities and the full power of technologies to better serve our customers, stakeholders, government entities and the local community as a whole. We develop digital platforms, solutions and services based on the data science, cloud computing, artificial intelligence and advanced digital analytics driven by the 5G services. By empowering the leading industries, businesses and governmental entities to thrive through providing the most innovative digital services, stc focuses on shaping a sustainable future to the local community with deeper insight and accelerated growth.

vision

Vision

Digital leader, enriching lives and empowering businesses.

mission

Mission

Enable Kuwait’s digital transformation by empowering customers and supporting government initiatives through innovative and tailored solutions, while driving growth and shareholder returns.

FY 2025 Highlights

Key Financial Indicators

icon Revenues (KD million)

0

1.8%

(2024: 336.5)

icon EBITDA (KD million)

0

9.6%

(2024: 85.3)

icon Net Profit (KD million)

0

8.7%

(2024: 31.4)

icon EBITDA Margin (%)

0

1.9 pt.

(2024: 25.3)

icon Earnings Per Share (fils)

0

8.7%

(2024: 31)

icon Dividends per share (fils)

0

8.6%

(2024: 35)

Results are compared to the same period last year.

FY 2025 Highlights

Operational Highlights

Branches 64 branches
Subscribers 2.3 million subscribers
Market share 34.1% market share
Female employees 21% female employees
Towers 2.9k+ towers
Towers 5.5G 5G Advanced launch completed

FY 2025 Highlights

ESG Highlights

E
ESG
Diesel generator sites were cut by 31%.
S
ESG
Employee Well-Being Index reached 88.8%, marking a +13.0 pts. year-on-year improvement.
Advanced workplace inclusion through autism awareness initiatives.
G
ESG
Established the Sustainability Steering Committee (SSC), chaired by the CEO and comprising senior executives.
awards

2025 AWARDS

International Finance Magazine

Best Digital Workplace & Employee Experience - Kuwait 2025

stc Kuwait has been named “Best Digital Workplace and Employee Experience Company – Kuwait 2025” at the 13th annual International Finance Magazine (IFM) Awards 2025.

International Finance Magazine

Best Digital Transformation Company - Kuwait 2025

stc Kuwait has been named “Best Digital Transformation Company – Kuwait 2025” at the 13th annual International Finance Magazine (IFM) Awards 2025.

Global Business Outlook

Best Corporate Governance Telecom Company – 2025

stc was recognized as the “Best Corporate Governance Telecom Company – 2025” at the Global Business Outlook (GBO) Awards 2025.

Honor

Global Most Valuable Partner Award – HONOR

stc Kuwait has been recognized as the Global Most Valuable Partner for HONOR.

samena

Excellence in Quality FWA User Experience

stc won “Excellence in Quality FWA User Experience” award during the 5th ELITE Club Meeting 2025 in Dubai, UAE.

samena

Ranked 3rd for Best IR Film – Middle East

stc Kuwait was ranked 3rd for Best Investor Relations Film at the Middle East Investor Relations Association (MEIRA) Annual Conference, held in Muscat, Oman.

Year in Review

2025 represented a significant chapter in stc’s ongoing journey of growth and innovation. Amidst a rapidly evolving digital landscape, the company continued to build on its strong foundation by enhancing network capabilities, expanding its portfolio of digital services, and strengthening its position as a trusted enabler of Kuwait’s digital economy. Guided by its strategic vision and commitment to innovation, stc advanced its digital transformation journey, delivering enhanced value to customers, partners, and the wider community. Focused on operational excellence and customer satisfaction, stc pursued strategic initiatives that not only improved business performance but also advanced the nation’s broader technological progress. Through continuous investment in infrastructure, emerging technologies, and human capital, stc demonstrated its commitment to sustainable development and long-term value creation. The year’s accomplishments underscore the company’s vision of leading the next phase of connectivity and digital transformation across Kuwait and the region.

January

stc was the first to earn the ISO 37301:2021 certification for Compliance Management Systems in Kuwait

stc awarded ISO 37301:2021 certification for Compliance Management Systems, which is earned as a first in Kuwait. Maintaining this certification demonstrates the Company’s commitment to strong governance, ethical conduct, and regulatory compliance.

stc Signed a strategic partnership with Nile Secure Networks

stc reinforced its leading position in the digital transformation and infrastructure modernization through its partnership with an AI-driven networking company. This collaboration reduces total cost of ownership (TCO) for enterprise clients while improving performance, network automation, and security at scale.

February

stc participates in the fourth edition of the “LEAP 2025” tech conference in Riyadh

stc participated in the ‘LEAP 2025’ conference hosted in Riyadh, KSA. The Company’s attendance at one of the largest global technology events aligns with stc’s strategic objectives behind enabling digital transformation, forming strategic partnerships, and gaining access to the latest insights and trends in the market.

stc earned the ISO 45001:2018 certification for Occupational Health and Safety Management

stc earned the ISO 45001:2018 certification demonstrating its commitment to fostering a safe and healthy working environment for its stakeholders. The certification provides an internationally recognized framework for identifying and managing occupational health and safety risks, strengthening stc’s efforts to minimize workplace hazards and enhance employee well-being.

April

The Launch of the 3rd intake of the “InspireU” program

stc launched the 3rd intake of “InspireU”, an entrepreneurial state-of-the-art accelerator designed to support startups and SMEs in Kuwait.

solutions by stc enhanced My Business platform to facilitate Digital Billing and Invoice Access

solutions by stc has enhanced digital billing and invoice access on My Business platform, promoting sustainability through streamlined processes. Businesses can now directly download rental reports, all subscriber bills, and monthly detailed invoices in a single click, eliminating the need for paper-based requests and reducing reliance on email communication with our billing team. This digital approach minimizes environmental impact while providing immediate and easy access to essential billing information.

May

stc a Diamond Sponsor of the “Kuwait Sustainable Energy Week”

stc participated as a Diamond Sponsor in the Kuwait Sustainable Energy Week conference and exhibition organized by the Ministry of Electricity, Water, and Renewable Energy in collaboration with the Regional Center for Renewable Energy and Energy Efficiency.

solutions by stc launched centralized knowledge base on its website

solutions by stc launched a comprehensive Help Center on its website, enhancing customer experience through self-service digital tools. The platform provides quick access to information and support while reducing reliance on traditional channels and minimizing environmental impact.

June

Launch of AI Unit

stc Launched a dedicated Artificial Intelligence (AI) Unit under the Transformation & Synergies Sector to drive AI adoption, enhance decision-making, and develop smarter solutions for customers and employees.

July

Long-Term Incentive Program for employees

stc announced the launch of its Long-Term Incentive (LTI) Program, aimed at rewarding top talent as they progress within the Company. The Program aligns with stc corporate culture which focuses on rewarding exceptional employees for driving business success, further motivating them to achieve new milestones.

Launches 5G Advanced network

stc launches 5G Advanced network to deliver an exceptional experience to its customers. The step comes in line with stc’s ongoing commitment to support Kuwait Vision 2035, which aims to enable digital transformation and provide an enhanced digital experience for customers.

Establishes the AI Office

A dedicated AI Office was established to oversee stc’s enterprise-wide AI program. With a foundation construction of a clear set AI strategy, AI implementation is expected to witness a birth of new spectrums within our organization.

solutions by stc concludes 10×10G IRU deal with Center3 to strengthen international capacity

solutions by stc’s wholesale division signed a 10×10G IRU agreement with Center3 for stc Kuwait’s IP-Transit services, reinforcing international connectivity and supporting sustainable growth in the wholesale segment.

August

stc signs a joint cooperation protocol with Kuwait Airways to enhance digital services

stc signed a joint cooperation protocol agreement with Kuwait Airways, the national carrier of Kuwait. The protocol aims to strengthen the strategic cooperation between the two parties in the fields of telecommunications and aviation, providing integrated and innovative services that support shared objectives and enhance the overall customer experience.

solutions by stc finalizes 2Africa CLS Agreement to expand global connectivity

The wholesale division finalized the landmark 2Africa CLS Agreement, with service orders processed and technical implementation underway, marking a major step in expanding international capacity and regional connectivity.

September

Signing of a Strategic Contract with Kuwait University

stc signed a strategic contract with Kuwait University to develop management, monitoring, and transportation systems at the new Sabah Al-Salem University City campus. The aim is to support digital transformation and enhance the experience of students and faculty members through integrated smart systems that combine modern technology with advanced management.

solutions by stc launched My Business’s app version

solutions by stc launched My Business’s app version for subscribers, a new self-service platform integrated within my stc KW app. The app enables users to easily access and manage their subscriptions, usage, and bills, with real-time notifications for better service control.

stc headquarter relocation

stc relocated its headquarters to a new facility designed to enhance the work environment, offering improved amenities and workplace flexibility that support employee well-being, trust, engagement and productivity. The new headquarters provides a more inclusive and supportive setting, reinforcing stc’s commitment to creating a positive employee experience and enabling a modern, flexible, and high-performing workplace. This move reflects stc’s continued investment in its people as a key driver of sustainable performance, operational performance and long-term value creation.

October

Partners with Mobile Arts to Enable Blacknut cloud gaming service to its customers in Kuwait

stc announced its strategic partnership with Blacknut, a leading global provider of cloud gaming solutions. The collaboration aims to introduce a new cloud-based gaming service for stc customers, expanding the Company’s portfolio of value-added services (VAS), especially under stc’s selection of entertainment solutions.

The enhancement of the qitaf loyalty program

stc expanded the qitaf ecosystem through a growing network of partners across retail, lifestyle, dining, entertainment, and digital services, making qitaf Kuwait’s most valuable and rewarding loyalty program. Besides fully upgrading the digital experience, these enhancements strengthened customer loyalty, convenience, and everyday engagement.

November

Signed a strategic agreement with National Technology Enterprises Company (NTEC)

stc sustained its leading position in digital transformation through the strategic agreement with NTEC which aims at enabling future co-execution of large government programs while maintaining legal/financial independence for both parties.

December

Enables stc’s AI Momentum

stc’s AI Week brought employees together to experience, co-create, and shape how AI will be embedded into operations and value creation. The program featured expert keynotes, co-creation workshops, and hands-on labs. Beyond participation, AI Week strengthened organizational capabilities, validated real AI use cases, and marked the start of stc’s sustained AI momentum.

stc was the main sponsor in the Nexus 2025 Kuwait’s Tech & Innovation Summit

Reinforcing its commitment to advancing Kuwait’s digital ecosystem. Through workshops, panel discussions, and technology showcases, stc engaged with startups and industry leaders and signed strategic MoUs to strengthen digital partnerships. The participation aligned with stc’s CSR strategy and Kuwait Vision 2035, supporting innovation, entrepreneurship, and digital transformation.

Our Journey

stc has rapidly established itself as a leading force in Kuwait’s telecom and ICT sectors, continuously innovating and raising the bar with industry firsts, strategic partnerships, and cutting-edge advancements. Through strategic growth and diversification, stc now plays a pivotal role in empowering Kuwait’s digital future and advancing the nation’s Vision 2035.

2008
  • Launched commercially
  • First to abolish incoming calls fees
  • Became first operator in the world to have all IP network
2009
  • Introduced high-speed mobile broadband in Kuwait
  • Launched innovative prepaid offerings and acquired 500K customers in one year
2010
  • Expanded retail network and launched joint promotions with retailers
  • Won Comms MEA "Best Telecom Finance Deal" Award
2011
  • Became first to introduce Apple iPhone
  • Launched strategic partnership with Manchester United
  • Became first to introduce newest HSPA+ (42.2 Mbps) broadband network
2012
  • Launched Elite Program for loyal, VIP and high-value customers
  • Became profitable during the fourth year of operations
  • Began deployment of 4G LTE network
2013
  • Won "Best LTE Deployment" at the "Telecoms World Awards – Middle East"
  • Introduced number portability and acquired majority of ported numbers between operators
2014
  • Launched partnership with Real Madrid
  • Listed on Kuwait Stock Exchange
  • Ranked second in terms of revenue and subscriber market share
2015
  • Became first to introduce the all-new (VoLTE) technology
  • Expanded network to 70 branches across Kuwait
  • Became first to introduce the LTE Advanced
2016
  • Won "Best Telecom Company" by Arabian Business
  • Became Member of the International Telecommunication Union (ITU)
2017
  • Won "2017 Speedtest Award" by Ookla
  • Won "Best Operator Network" from Telecom World Middle East
2018
  • Won "Best Network Development Award" at 5G MENA
2019
  • Launched new stc brand
  • Acquired Qualitynet, the leading ISP provider in Kuwait
  • Launched 5G services
  • Signed MOU with Huawei to develop 5G services
2020
  • Ranked first in the MENA region on the Forbes "Global 2000" list
  • Rebranded Qualitynet to solutions by stc
  • Established Connect Arabia W.L.L with Mobility Telecom Kuwait Limited (BVI)/ the main partner
2021
  • Led consortium with Virgin Mobile Middle East & Africa that received a MVNO license from CITRA
2022
  • Acquired e-Portal Holding Company and its subsidiaries, the leading ICT services provider in Kuwait
  • Increased share capital to KD 99.9 million through the distribution of 100% bonus shares
2023
  • Launched partnership with Samsung to expand availability of smart solutions
  • Singed MoU with Huawei on 5.5G strategic cooperation and digitalization innovation
  • Added to a number of the MSCI and FTSE Global Equity Indexes
2024
  • Upgraded from the Main Market to the Premier Market on Boursa Kuwait
  • Signed land agreement to build stc’s new headquarters
2025
  • stc Kuwait has been recognized as the Global Most Valuable Partner for HONOR
  • stc launched 5G Advanced network to deliver an exceptional experience to its customers
  • stc announced the launch of its Long-Term Incentive Program for employees (LTI)
  • stc signed a joint cooperation protocol with Kuwait Airways to enhance digital services.

Shareholders Information

998.7 Million shares

Investor Type

Cash Dividends

*2020 and 2021 cash dividends per share are adjusted based on stc’s new number of shares resulted from the 100% bonus shares distribution in 2022.

Investment

Investment Case

stc’s investment case is underpinned by a clear strategic vision, resilient fundamentals, and a strong market position within a rapidly evolving digital landscape. As Kuwait advances its digital economy, stc is uniquely placed to capture sustainable growth by leveraging its scale, innovation capabilities, and diversified service portfolio, while continuing to create long-term value for shareholders.

Our Business Model

Our business model is centered on creating long-term value for all stakeholders by focusing on innovation, sustainability, and operational excellence. We prioritize customer satisfaction through high-quality products and services, ensuring their needs are met while driving growth and market leadership. We foster strong relationships with employees by promoting a culture of collaboration, development, and well-being. We engage with suppliers and partners to drive mutual success, maintain ethical practices and uphold environmental responsibility.

Our commitment to shareholders is demonstrated through consistent financial performance, transparent governance, and strategic investments. We are dedicated to positively impacting the communities in which we operate, contributing to social and environmental sustainability, adhering to related regulations and aligning with global best practices.

financial

Financial Strength

  • Backed by a leading regional telecom group
  • Consistent financial growth and stability
  • Strategic investor in new ventures
human

Human Capital Strength

  • Culture of innovation and inclusion
  • Attraction and retention of top industry talent
  • Empowerment of employees with global expertise
financial

Operational Strength

  • Leader in digital services offerings
  • Early adopter of advanced technologies for efficiency
  • Proactive strategic partner to global entities
innovation

Innovation Strength

  • Leader in deploying next-generation technologies
  • Driver of digital transformation with bold initiatives
  • Global collaborations to foster innovation
Investment

Market Overview

This section overview Kuwait’s macroeconomic environment, highlighting the transformation agenda shaping the national economy. It also outlines developments within the telecommunications sector and its role in supporting connectivity and growth. In addition, the section covers the progress of digital enablement and the increasing adoption of artificial intelligence across the market. Together, these factors frame the broader operating landscape in which stc Kuwait operates.

Strategic Framework and Corporate KPIs

The updated r.e.a.c.h. framework anchors these priorities, reinforcing the core and sharpening focus on new value areas.

r.

Reignite consumer portfolio

e.

Expand enterprise growth

a.

Advance market evolution

c.

Create differentiated experience

h.

Harness business excellence

More Details

Engaging our Valued Stakeholders

At stc, we are committed to building and maintaining strong, trust-based relationships with our stakeholders.

Through open, transparent, and consistent communication, we engage meaningfully with investors, employees, customers, suppliers, government entities, and the local community. By taking a strategic approach, we ensure that stakeholder feedback is integrated into board discussions and business decisions, aligning us with their needs and positioning us to exceed their expectations.

Investores

Investors

Transparency

Our Investors and Shareholders

We reinforce our communication with investors through regular engagements, our annual report, our corporate website, and quarterly presentations, supported by a dedicated Investor Relations team. Our standalone Sustainability Report further advances communication on key environmental, social, and governance (ESG) topics and our performance in these areas.

By providing clear insights into our strategic initiatives, latest developments, and financial performance, we keep investors informed of our competitive positioning and sustainability efforts. We deliver these updates through virtual meetings, online channels, and in-person forums, ensuring that investors receive timely, transparent information. Our proactive corporate responses strengthen investor confidence and enhance stc’s visibility in the global financial markets.

Employees

Employees

Empowerment

Our Employees

Our focus on employee well-being and professional growth recognizes their essential role in achieving operational excellence. We empower our workforce through tailored training sessions and initiatives such as the ‘With-U’ program, which fosters employee support and satisfaction. stc is deeply committed to employee development, investing in health, safety, and digital collaboration tools.

Employees are kept engaged in the company’s daily operations through corporate newsletters, policy updates, and regular meetings between executive management and staff at all levels. These interactions encourage feedback on both daily operations and departmental outlooks, fostering a responsive and inclusive culture. stc supports remote work options to ensure business continuity during global challenges, alongside regular workshops, succession planning, and performance assessments.

Suppliers and Business Partners

Suppliers

Partnership

Our Suppliers and Business Partners

OOur procurement and supplier relationship management teams foster strong connections with local and international suppliers, ensuring efficient management of contracts and procurement processes.

Through regular in-person and virtual meetings, we maintain strong lines of communication with suppliers who align with our standards and meet local and regional demands. Our enhanced digital integration in supplier management has streamlined procurement processes, fostering innovation and cost-efficiency in our operations.

Regulators and Governmental

Regulators

Governance

Regulators and Governmental Entities

We proactively comply with regulatory frameworks and maintain strong relationships with government and regulatory bodies in Kuwait. Our enhanced governance protocols, transparency, and thorough disclosures reflect the highest standards of accountability in all company activities.

By collaborating closely with authorities, we support national development goals, particularly in telecommunications infrastructure and the digital economy. Our Annual Report and Board Summary Report further underscore our commitment, detailing our internal audit practices, risk and compliance committee activities, and external audit processes.

Our Customers

Customers

Innovation

Our Customers

With a customer base of approximately 2.3 million, we are dedicated to delivering cutting-edge products and services that respond to evolving needs. Building on our 5G network, the rollout of 5G-Advanced enhances speed, latency, and reliability, enabling more tailored services for consumers and enterprises in support of our customer centric strategy.

Through strategic partnerships and an expanding digital ecosystem, we offer greater convenience and access to advanced solutions, solidifying our leadership in digital transformation. Direct feedback loops from customer interactions inform our service adjustments, while our flexible operating model and business continuity plan keep us agile. Our communication channels include social media, call centers, website chatbots, customer service offices, and the Mystc app, providing direct, real-time support.

Our Community

Community

Social Responsibility

Our Community

Expanding our Corporate Social Responsibility (CSR) efforts, we have launched numerous initiatives focused on education, digital literacy, and environmental sustainability. We collaborate with government and nonprofit organizations to make a meaningful impact, from supporting local businesses in digital transformation to empowering communities with resources. Our specialized team represents stc in local media and public events, keeping stakeholders informed about our latest news, services, and market position.

Through awareness campaigns, our InspireU program, and active partnerships for employee volunteering, we promote entrepreneurship and digital innovation. We also engage with academic institutions by hosting awareness sessions, career fairs, and other relevant events, supporting the educational and professional growth of Kuwait’s youth.

Investment

Enterprise Risk Management

An overview of stc’s Enterprise Risk Management and Business Continuity frameworks, highlighting governance, risk oversight, resilience, and proactive measures to identify, manage, and mitigate risks in a dynamic operating environment.

Leadership

Dr. Mahmoud Ahmed Abdulrahman

Chairman

Chairman

Dr. Mahmoud Ahmed Abdulrahman

In 2025, stc Kuwait strengthened its leadership in the telecom and ICT sectors through strategic execution, digital innovation, and the launch of its 5G Advanced network in support of Kuwait Vision 2035. Supported by disciplined investment, AI-driven operations, strong governance, and ESG integration, the Company delivered solid financial performance, sustainable growth, and continued value creation, reinforcing its role as a trusted partner in Kuwait’s digital future.

View Full Statement

Eng. Muataz Abdullah Aldharrab

Chief Executive Officer

Chief Executive Officer

Eng. Muataz Abdullah Aldharrab

stc Kuwait accelerated its technology-driven transformation, scaling advanced connectivity, embedding artificial intelligence across operations, and expanding its digital and ICT platforms. Through the deployment of 5G Advanced, cloud-based solutions, automation, and data-driven capabilities, the Company enhanced network performance, service quality, and operational efficiency, translating technological progress into sustainable growth and superior digital experience in line with its r.e.a.c.h. corporate strategy focusing on quality growth.

View Full Statement

Mr. Khalid Fahad Almayouf

Chief Financial Officer

Chief Financial Officer

Mr. Khalid Fahad Almayouf

In 2025, stc Kuwait achieved good financial and operational performance, highlighting the strength of the Company’s financial strategy. With total revenue of KD 342.5 million and net profit of KD 34.1 million, growth was supported by 5G Advanced deployment, AI-driven digital solutions, and a balanced Consumer and Enterprise portfolio. Strategic investments, efficient capital allocation, and enhanced operational processes reinforced the company’s resilience and ability to pursue its technology-driven transformation. stc Kuwait has a continued commitment to governance, transparency, and long-term value creation for shareholders and the investment community.

View Full Statement
Dr. Mahmoud Ahmad Abdulrahman
Chairman
Independent Member
Eng. Moaeed Huwaij Alsaloom
Vice Chairman
Saudi Telecom Company stc
Mr. Abdulaziz Abdullah Al Ghamdi
Board Member
Saudi Telecom Company stc
Eng. Bader Saleh
Al-Anazi
Board Member
stc Gulf Holding
Mr. Turki Abdulaziz Al Naim
Board Member
stc Gulf Holding 1
Eng. Ziad Ben Hamad AlHasson
Board Member
stc Gulf Holding 3
Sheikh Mohammed Salman Hamoud Al-Sabah
Board Member
Kuwait Investment Authority
Mr. Hamad Abdulrahman
Al Sanea
Board Member
Public Institution for Social Security
Dr. Mithqal Sartawi
Board Member
Independent Member
Eng. Muataz Abdullah Aldharrab
Chief Executive Officer
Mr. Khalid Fahad Almayouf
Chief Financial Officer
Mr. Khalid AlSudairy
Chief Strategy Officer
Mr. Issam Issa Al Asousi
Chief Corporate Affairs Officer
Eng. Amer Issam Atoui
Chief Consumer Officer
Eng. Dhari Dawood Al-Quraishi
Chief Technology Officer
Mr. Raed Nabeel Maree
Chief Human Resources Officer
Mr. Mohammad Fadhel Al-Sabea
Chief Audit Executive
Mrs. Anowd Hamad Muthaib
Chief Transformation & Synergies Officer

Business Review

The Business Review provides an overview of stc’s performance across the Consumer, Enterprise, and Technology segments, highlighting key initiatives, innovation, and digital transformation efforts that supported customer experience, enterprise enablement, and network excellence. The section outlines progress in expanding digital services, strengthening strategic partnerships, and advancing next-generation infrastructure, reinforcing stc’s role as a leading digital enabler in Kuwait.

Consumer Segment

Throughout 2025, stc’s consumer segment delivered exceptional performance, reinforcing its leadership in Kuwait’s highly competitive telecommunications market. The segment achieved strong results across multiple areas, reflecting stc’s continued commitment to innovation, customer-centricity, and digital excellence. The year was defined by stronger device margins, higher value-added service revenues, and enhanced customer engagement across all touchpoints.
More details

Enterprise Segment

In 2025, stc’s enterprise segment, powered by its subsidiaries, solutions by stc and e-Portal Holding Company, continued to strengthen its position as a key enabler of Kuwait’s digital transformation. Through strategic partnerships, technological innovation, and a customer-focused approach, the segment reinforced stc’s market leadership and its role as a trusted partner for enterprise and government clients.
More details

Technology Sector

Anchored by its core operational platforms, stc strengthened its position as one of Kuwait’s leading digital enablers in 2025 through targeted enhancements to its network, IT architecture, and cybersecurity capabilities in line with its vision of delivering an exceptional customer experience and enabling national digital transformation. The year represented a defining stage in stc’s technological evolution, marked by innovation, operational excellence, and readiness for the next generation of connectivity.
More details

Sustainability

stc Kuwait embeds sustainability at the heart of its digital-first strategy, focusing on creating shared value for stakeholders while advancing Kuwait’s digital transformation. By deepening ESG integration, leveraging technologies such as AI and automation, and aligning with Kuwait Vision 2035, stc aims to drive responsible growth, reduce environmental impact, empower communities, and lead the telecom sector in sustainable value creation.

environment ENVIRONMENT
social SOCIAL
governance GOVERNANCE

Pillars

Protecting natural resources and reducing our environmental footprint

Empowering people and promoting fairness across all communities

Upholding integrity, transparency, and ethical business practices

Themes

Caring for the environment

Empowering people
Improving standards of living

Promoting digital innovation and technologies
Operating with integrity

Objectives

Protect the environment and minimize our footprint on earth

Promote fairness and ensure equal opportunities for all people

Adopt corporate governance principles and enforce transparency and accountability

01

Overview

02

Strategic Review

03

Business Review

04

Sustainability

05

Governance Report

06

Financial Statements

×