1. Saudi Arabia Stocks

  2. •

    Technology services

  3. •

    Information technology services
Arabian Internet and Communications Services Company

Arabian Internet and Communications Services Company

TTADAWUL:7202
89.55
SAR
-2.60
(-2.82%)
6.39EPS
16.01P/E
24.33BMarket Cap
Oct 26Next Earn
Arabian Internet and Communications Services Company
TADAWUL:7202
(Saudi Exchange)

Recent

price

89.55

P/E

ratio

16.01

div

yld

0.02%

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
SAR
28.72
30.11
37.05
46.4
50.69
53.48
55.64
Revenue per Share
2.92
3.48
4.43
5.01
6.71
6.31
6.38
Basic EPS, GAAP
2.43
5.18
8.37
6.74
5.27
-1.23
4.14
Free Cash Flow per Basic Share
- -
1.67
2
2.5
3
5
0.01
Dividend per Share
8.1
9.56
11.81
13.97
16.84
18.01
17.43
Book Value per Share
7.71
9.14
10.06
11.34
14.49
15.45
14.96
Tangible Book Value per Share
240
239
238
238
238
238
238
Basic Weighted Avg Shares
6,891
7,208
8,805
11,040
12,064
12,730
13,247
Sales/Revenue/Turnover
11.65
14.57
13.17
12.56
13.76
12.89
13.06
Operating Margin (%)
109
209
232
282
287
346
377
Depreciation Expense
702
833
1,053
1,192
1,597
1,503
1,519
Net Income, GAAP
6.9
7.87
10.05
14.92
2.37
8.05
8.42
Effective Tax Rate (%)
10.18
11.55
11.96
10.8
13.23
11.8
11.47
Profit Margin (%)
1,503
1,812
2,668
3,101
3,677
3,724
3,134
Working Capital
48
31
518
518
746
867
309
LT Debt
1,924
2,271
2,840
3,353
4,033
4,327
4,194
Total Equity
- -
41.19
37.66
31.76
37.74
30.65
31.81
Return on Invested Capital (%)
- -
38.4
36.09
32.55
36.79
30.17
32.54
Return on Capital (%)
- -
39.72
41.45
38.87
43.56
36.23
39.21
Return on Common Equity (%)

Capital Structure

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
331
161
763
LT Borrowings
632
618
111
LT Finance Leases
236
223
198
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
238
238
238
Market Capitalization
26,796
23,284
24,328

Working Capital

SAR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
10,745
11,016
10,453
Cash, Cash Equivalents & STI
2,119
3,228
1,566
Accounts Receivable, Net
4,660
3,964
3,990
Inventories
406
494
531
Total Current Liabilities
7,020
6,907
7,320
Payables & Accruals
- -
- -
- -
ST Debt
331
161
763
Deferred Revenue
- -
- -
- -

Growth Rates

SAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
17.75%
7.29%
Free Cash Flow
- -
1.72%
-123.27%
Net Income, GAAP
- -
17.27%
-5.89%
Sales/Revenue/Turnover
- -
13.39%
5.52%
Total Cash Common Dividend
- -
- -
66.72%

Quarterly Revenue

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,809
2,771
2,753
3,731
12,064
2025
2,824
2,902
3,098
3,907
12,730
2026
3,002
3,240
- -
- -
- -

Quarterly Earnings Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.48
1.9
1.95
1.37
6.71
2025
1.52
1.88
1.75
1.17
6.31
2026
1.56
1.9
- -
- -
- -

Quarterly Dividends Per Share

SAR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.01
- -
3
2025
- -
- -
0.01
- -
5
2026
- -
- -
- -
- -
- -
Similar Companies
Credo Technology Group Holding Ltd (NASDAQ:CRDO)
International Business Machines Corporation (NYSE:IBM)
Tata Consultancy Services Limited (NSE:TCS)
Infosys Limited (NSE:INFY)
HCL Technologies Limited (NSE:HCLTECH)
Cloudflare, Inc. (NYSE:NET)
Business
Arabian Internet and Communications Services Co. Ltd. (ticker: 7202.SR), operating under the brand name "solutions by stc," is a Saudi Arabian closed joint stock company specializing in information and communications technology (ICT) services. Founded in 2003 and headquartered in Riyadh, Saudi Arabia, the company delivers a broad portfolio of products and services that include system integration; connectivity services encompassing network infrastructure, internet, and satellite communication; business process outsourcing (BPO) solutions; managed IT services; cloud computing including IaaS, PaaS, and SaaS; Internet of Things (IoT) digital solutions; cybersecurity integration; and senior management advisory and engineering consultation services. It serves diverse sectors such as healthcare, real estate, education, government, oil and gas, telecommunications, and banking across Saudi Arabia and the broader Gulf region. The company operates through three key business segments: Core ICT Services (covering system integration, network, infrastructure, and application solutions); IT Managed and Operational Services (including managed IT infrastructure and business outsourcing); and Digital Services (focusing on cloud solutions, IoT, digital transformation, and end-to-end cybersecurity). It maintains strategic relationships and operational support with its parent company, Saudi Telecom Company (stc), which holds a 79% ownership stake. Recent major developments include the acquisition of a 40% stake in Devoteam Middle East in February 2024, strengthening its capabilities in digital services and digital transformation consulting. In 2025, the company signed multiple substantial contracts such as a SAR 313.39 million three-year agreement with stc to expand and develop the internet and communications networks, a SAR 157.6 million private cloud infrastructure contract with stc, and a five-year framework agreement with Saudi Aramco for advanced digital services. Additionally, it acquired a 70% indirect ownership in Logical Application for Business Solutions Company (LABS) to bolster system integration and enterprise mobility offerings. The company has extended contracts in smart city digital management projects, such as parking solutions in Riyadh, positioning itself as a leader in government digital transformation initiatives. Arabian Internet and Communications Services Co. Ltd. is a key player in the Saudi Arabian telecom and digital services market, driven by Vision 2030 digital transformation initiatives and supported by its strategic alignment with stc and partnerships with major clients including Saudi Aramco. The company maintains a robust financial position and continues to expand its footprint in emerging technology sectors across Saudi Arabia and the Gulf Cooperation Council region.