About Saudi Telecom
Saudi Telecom is a company based in Riyadh (Saudi Arabia) founded in 1998.. Saudi Telecom has completed 1 acquisition, including Vodafone Egypt. Saudi Telecom operates in a competitive market with competitors including MTN, Jio, Airtel, SK Telecom and Optus, among others.
- Headquarter Riyadh, Saudi Arabia
- Stage Public
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$72.2 K (USD), Grant
Jan 01, 2021
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Investors
Western Union
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Software Development Team
160 people
Leadership Team
68 people
Sales and Marketing
44 people
Operations Team
23 people
Product Management Team
20 people
Senior Team
20 people
Finance and Accounting
16 people
Project Team
13 people
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Funding Insights of Saudi Telecom
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $72,204
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First Round
First Round
(01 Jan 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Grant - Saudi Telecom | Valuation |
investors |
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| Nov, 2020 | Amount | Post-IPO - Saudi Telecom | Valuation |
investors |
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| Jan, 2017 | Amount | Grant - Saudi Telecom | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Saudi Telecom
Saudi Telecom has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Western Union and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Provider of remittance services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Saudi Telecom
Saudi Telecom has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Vodafone Egypt. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Telecommunication services are delivered to Egyptian residential and business customers.
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Saudi Telecom
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Saudi Telecom Comparisons
Competitors of Saudi Telecom
Saudi Telecom operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MTN, Jio, Airtel, SK Telecom and Optus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
MTN Group is recognized as a leading telecommunications provider in Africa.
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| domain | founded_year | HQ Location |
Provider of telecommunication services
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| domain | founded_year | HQ Location |
Airtel is recognized as a provider of telecommunications and internet services.
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| domain | founded_year | HQ Location |
Provider of integrated telecommunication services
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| domain | founded_year | HQ Location |
Mobile internet services are provided for homes and offices.
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| domain | founded_year | HQ Location |
Integrated telecom service provider
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Saudi Telecom
Frequently Asked Questions about Saudi Telecom
When was Saudi Telecom founded?
Saudi Telecom was founded in 1998 and raised its 1st funding round 16 years after it was founded.
Where is Saudi Telecom located?
Saudi Telecom is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of Saudi Telecom?
Olayan Mohammed Alwetaid is the current CEO of Saudi Telecom.
What does Saudi Telecom do?
Saudi Telecom was founded in 1998 and operates as a major provider in the telecommunications sector from Riyadh, Saudi Arabia. Mobile, landline, internet, and computer networking services are offered, supported by a proprietary fiber-optic network spanning Asia, the Middle East, and Europe. Operations extend to Bahrain and Kuwait under the Viva brand. In 2022, annual revenues of 17.96 billion and net profit of 3.24 billion were recorded.
Who are the top competitors of Saudi Telecom?
How many acquisitions has Saudi Telecom made?
Saudi Telecom has made 1 acquisition, including Vodafone Egypt.
Who are Saudi Telecom's investors?
Saudi Telecom has 2 investors. Key investors include Western Union, and European Union.
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