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This is an accepted version of this page This is the latest accepted revision, reviewed on 19 December 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 ...
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.
STC provided charter services to a number of groups and organizations every year in Saskatchewan. Many corporations, sports teams, and clubs chose STC when travelling to functions both in and out of province. Charters were available any day of the week and for various lengths of time subject to availability. [5]
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In 2012, compliance with the international payment card security standard (PCI) was achieved. In 2015, the new identity of the Saudi Payment Network, Mada, was launched. In 2016, Union Pay Cards were accepted. In 2017, two new payment services, Mada Atheer and Mada Naqd, were launched. In 2018, Mada e-Commerce service and Apple Pay were introduced.
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