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MarketScreener Homepage  >  Equities  >  SAUDI ARABIA STOCK EXCHANGE  >  Saudi Telecom Company SJSC    7010   SA0007879543

SAUDI TELECOM COMPANY SJSC

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Saudi Telecom SJSC : Misk Foundation Celebrates Results of Saudi Coding Initiative

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02/11/2019 | 04:30pm EDT

Misk Foundation celebrates results of Saudi Coding Initiative. (SPA)

The Mohammed bin Salman bin Abdulaziz Foundation, Misk, concluded on Sunday the second edition of the Saudi Coding Initiative, reported the Saudi Press Agency.

The event, which was launched on September 2, 2018, concluded with a ceremony in Riyadh that the saw the handing out of awards for winners of coding competitions.

Targeting all parts of the Kingdom, the initiative saw the participation of users from 139 countries and 192 cities and villages from across Saudi Arabia, bringing the total beneficiaries to 1 million since the project’s launch.

The Initiative toured 10 Saudi cities, organized a number of workshops and training courses to teach logical and analytical thinking and problem-solving techniques and allow society members to acquire 21st century skills.

A total of 1,025,971 participants attended distance courses. Women accounted for 52 percent of participants, while 2 percent of all participants were above the age of 65.

Executive Manager of Misk Innovation Deemah Alyahya welcomed the partnership between the public, private and non-profit sectors, saying: “This partnership has brought new skills and opportunities to a wider array of people than ever before.”

“Together we are demonstrating that coding skills can and should be brought within anyone’s reach, and together we are empowering people with knowledge, skills and coding confidence they need for a bright future in the Knowledge Economy.”

“In doing so, we are driving the digital transformation of the Kingdom and ensuring its place on the global frontline of innovation.”

The Saudi Coding Initiative is one of the Misk Foundation's projects that aim at bolstering technical knowledge. It is one of the largest interactive training programs being implemented in the Kingdom.

The second edition of the Initiative took place in partnership with the Ministry of Communications and Information Technology and Saudi Telecom Company (STC), with the participation of 71 schools, universities, government and private sector institutions, as well as a number of digital, social, technical and cultural initiatives.

(c) 2019 Saudi Research and Publishing Co. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (SAR)
Sales 2019 53 106 M
EBIT 2019 11 934 M
Net income 2019 11 726 M
Finance 2019 9 694 M
Yield 2019 3,93%
P/E ratio 2019 20,16
P/E ratio 2020 20,37
EV / Sales 2019 4,16x
EV / Sales 2020 4,06x
Capitalization 230 B
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 12
Average target price 91,2  SAR
Spread / Average Target -21%
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Managers
NameTitle
Nasser Sulaiman A. Al-Nasser Group Chief Executive Officer
Mohammed Khaled Al-Abdullah Al-Faisal Chairman
Haithem Mohammed Al-Faraj Senior VP-Technology & Operations
Amin Fahad bin Abdulaziz Al-Shiddi Chief Financial Officer
Abdullah Mohsen Al-Owini Vice President-Information Technology
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