| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Telecom Company (The Company) announces to its shareholders the launch of the new branding of the company and its subsidiaries in alignment with the company's strategy for digital transformation and customer experience enrichment. It is expected that the new branding will boost the value of stc as one of the most valuable brands in the Middle East. |
Further, the name of "VIVA Kuwait" and "VIVA Bahrain" were also changed to "stc", in a uniform manner and in conjunction with the launch of the new branding of the company.
Accordingly, the Company's trading name in Saudi Stock Exchange website (Tadawul) has been changed from “Aleitsalat” to “stc” (in Arabic only).
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.