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End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 38.45 SAR | -0.90% |
|
-1.66% | -4.83% |
| Apr. 22 | Saudi Stocks Barely Changed at Closing Amid Blockbuster Deals | MT |
| Apr. 22 | Saudi Arabia's PIF to Acquire Majority Stake in STC Group's TAWAL, Establish Telecom Tower Company | MT |
Saudi Telecom Co (STC), the kingdom's biggest telecoms operator, said on Monday it needed more time to complete processes related to a planned deal to buy Vodafone Group's 55% stake in Vodafone Egypt.
Saudi Telecom in January struck a preliminary deal to buy the stake for $2.4 billion, seeking growth in the Arab world?s most populous nation.
STC said it had extended its memorandum of understanding with Vodafone Group for 90 days and attributed the reason for the delay to logistical challenges caused by the novel coronavirus pandemic.
(Reporting by Hadeel Al Sayegh; Editing by Kirsten Donovan)
| 1st Jan change | Capi. | |
|---|---|---|
| -4.83% | 51.57B | |
| +7.33% | 196B | |
| +5.64% | 162B | |
| 0.00% | 114B | |
| -0.52% | 93.44B | |
| +17.38% | 74.75B | |
| +0.57% | 56.53B | |
| -13.44% | 40.3B | |
| -30.94% | 38.27B | |
| +7.14% | 31.27B |
SAUDI TELECOM COMPANY 
