Saudi Telecom Saudi Arabia
About Saudi Telecom
Overview
Saudi Telecom is determined to deliver results on our journey to become a Customer centric and Competitive Company that you our Customers will choose over the competition, Investors will confidently invest in, and Employees will be proud to work for. We are working to become a company where staff and managers are a confident TEAM working together to deliver what you the customers want, need and expect.
Saudi Telecom since its establishment in 1998 has delivered a range of positive results that have delivered a better service to more customers. This has been achieved through an ambitious Transformation & Restructuring Program compound with an extensive expansion of our network and infrastructure.
By the end of 2002, the Saudi Government announced that 30% of Saudi Telecom Shares will be released for sale to Saudi citizens & organizations; Saudi citizens (20%), General Organization of Social Insurance (GOSI) (5%), and Pension Fund Organization (5%). By the end of the subscription period, requests for shares exceeded the number offered by 3.5 times. This is a clear indication that Saudi people are confident of Saudi TelecomÌs success and trusts in its future. The General Assembly Meeting of Saudi Telecom new shareholders held at the end of April 2003, elect new board members for the first time.
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