Saudi Telecom Co. — Interim / Quarterly Report 2012

Oct 20, 2012

Saudi Telecom Company announces the interim consolidated financial results for the period ending at 30.09.2012 (9 months).Cont. 2

7010 · 20/10/2012 18:04:57 · Announcement #27446 · View on Saudi Exchange

Saudi Telecom Company announces the interim consolidated financial results for the period ending at 30.09.2012 (9 months).Cont. 2

Commenting on the results, STC Group CEO, Dr. Khaled A. Alghoneim, said: The sustained strong financial results achieved during the third quarter reflects the efforts being made to constantly evolve, improve and develop the companys strategy both at the group and subsidiary levels. We maintain an acute focus on reinforcing our presence in our home market while at the same time capitalizing on opportunities for expansion both regionally and internationally. Our business is nothing without its customers we recognize that our customers are the key to our ongoing success. We understand that we need to be relevant and customer-centric, and we are therefore aligning our processes and strategies with the primary goal of enhancing the overall customer experience. As an extension of this thinking, we remain committed to being a valuable partner to the government of Kingdom. We continually seek to enhance our contribution to all sectors of the national economy through implementing sustainable infrastructure development plans, delivering operational efficiencies and increasing competitiveness in the telecom and IT sector. Mirroring this goal, as a company, we are looking to enhance our products and services to be competitive in our domestic and international markets. We are currently, embarking on a program that should improve operational performance and lead the group into a new work culture, to be agile and nimble to seize opportunities domestically and internationally. As we evolve as a company, we are constantly reassessing and improving the operations to increase the returns for our shareholders.

Domestically, we have upgraded our mobile network, introduced innovative and value added services that encourage mobile usage, and targeted packages to high value subscribers. This is underpinned by the Companys customer-centric approach and its efforts to enhance the overall customers experience. These efforts are producing results, STCs total domestic mobile customer (postpaid & prepaid) Increased 14% compared to Q3 2011 and 2% compared to Q2 2012. Cont.

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