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Saudi Arabia's Solutions Signs SAR160 Million License Renewal With Stc

MT Newswires·07/28/2026 01:22:54
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01:22 AM EDT, 07/28/2026 (MT Newswires) -- Arabian Internet and Communications Services Co. (SASE:7202), d/b/a Solutions, signed a contract with Saudi Telecom Co. (SASE:7010), d/b/a Stc, to renew licenses for artificial intelligence software and digital technology. The three-year contract is worth 159.7 million Saudi riyals, with the renewal intended to ensure operational continuity, according to a Tuesday filing. Stc is Solutions' largest shareholder with a 79% stake.