Arabian Internet and Communications Services Company SJSC

Common Name

solutions by stc

Country

Saudi Arabia

Sector

Communication Services

Industry

Telecom Services

Employees

N/A

Ticker

7202

Exchange

SAUDI STOCK EXCHANGE

Website

solutions.com.sa

Description

Arabian Internet & Communications Services Company, also known as stc solutions, is a leading provider of digital transformation services in the Middle East. Specializing in the integration of advance... Show more

Financial Statements of solutions by stc

Below are the financial statements of solutions by stc, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of SAR	2024	2023
Current assets	—	—
Cash and cash equivalents	1,127.13^a	2,588.17^a
Short term murabaha	2,575^a	850^a
Trade receivables	3,758.61^a	4,363.68^a
Prepayments, short-term investments and other assets	436.45^a	554.45^a
Contract assets	2,249.37^a	1,691.48^a
Inventories	212.13^a	248.55^a
Total current assets	10,358.69^a	10,296.33^a
Non-current assets	—	—
Non-current investments and other assets	268.45^a	150.39^a
Investment in equity accounted investees	340.69^a	3.37^a
Intangible assets and goodwill	557.23^a	625.5^a
Property and equipment	425.26^a	390.35^a
Right of use assets	89.78^a	50.3^a
Total non-current assets	1,681.41^a	1,219.91^a
Total assets	12,040.1^a	11,516.24^a
Current liabilities	—	—
Trade payables, accruals and other liabilities	3,886.61^a	3,314.91^a
Deferred revenue	2,089.64^a	3,048.84^a
Contract liabilities	467.35^a	380.32^a
Zakat and income tax payable	146.27^a	240.03^a
Bank overdraft and borrowings	93.03^a	211.34^a
Total current liabilities	6,682.9^a	7,195.44^a
Non-current liabilities	—	—
Other non-current liabilities	103.6^a	18.94^a
End of service indemnities	581.7^a	450.19^a
Borrowings	642.27^a	499.13^a
Total non-current liabilities	1,327.57^a	968.25^a
Total liabilities	8,010.47^a	8,163.69^a
Equity	—	—
Share capital	1,200^a	1,200^a
Other reserves	-261.24^a	-59.86^a
Treasury shares	-151.06^a	-154.44^a
Retained earnings	3,219.89^a	2,338.27^a
Equity attributable to the equity holders of the parent company	4,007.59^a	3,323.96^a
Non-controlling interests	22.03^a	28.59^a
Total equity	4,029.63^a	3,352.55^a
Total liabilities and equity	12,040.1^a	11,516.24^a

Verified Sources Behind solutions by stc’s Financial Fundamentals Data

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a. solutions by stc's Annual Report 2024

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Arabian Internet and Communications Services Company SJSC

Financial Statements of solutions by stc

Verified Sources Behind solutions by stc’s Financial Fundamentals Data

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