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This is an accepted version of this page This is the latest accepted revision, reviewed on 9 September 2024. Saudi Arabian telecommunications company Saudi Telecom Company Logo used since December 2019 Trade name STC Group Native name شركة الاتصالات السعودية Company type Public Traded as Tadawul: 7010 ISIN SA0007879543 Industry Telecommunications Founded 21 April 1998 ; 26 ...
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The Saudi Payments Network (Arabic: الشبكة السعودية للمدفوعات) or mada[1] (Arabic: مدى, lit. 'Extend', formerly SPAN) is the major payment system in Saudi Arabia. Established by Saudi Central Bank (SAMA), it connects all ATM and point of-sale (PoS) terminals throughout the country to a central payment switch, which in ...
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However, in September 2019, Trade Minister Piyush Goyal announced the impending closure of STC due to a severe liquidity crisis, [6] as detailed in STC's 2018-19 Annual Report. The crisis stemmed from the classification of STC's account as a bad loan by lending banks due to non-payment of interest on the company's availed banking limits.
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