ARABIAN INTERNET AND COMMUNICATION SERVICES COMPANY

Arabian Internet and Communication Services Company

7202

SA15CIBJGH12

IT Services & Consulting

End-of-day quote Saudi Arabian S.E. Other stock markets 06:00:00 2024-04-24 pm EDT			5-day change	1st Jan Change
343.2 ^SAR	-1.10%		-1.66%	-1.89%

Apr. 21	Batic Investments Unit Secures 10-year Deal for Smart Public Parking in Saudi Arabia	MT
Apr. 16	Arabian Internet and Communications Services to Renew VMware Licenses for Saudi Telecom	MT

Arabian Internet and Communication Services Company Reports Earnings Results for the Second Quarter Ended June 30, 2023

August 02, 2023

Arabian Internet and Communication Services Company reported earnings results for the second quarter ended June 30, 2023. For the second quarter, the company reported sales was SAR 2,701.29 million compared to SAR 2,254.47 million a year ago. Net income was SAR 339.69 million compared to SAR 273.09 million a year ago.

Latest news about Arabian Internet and Communication Services Company

Batic Investments Unit Secures 10-year Deal for Smart Public Parking in Saudi Arabia	Apr. 21	MT
Arabian Internet and Communications Services to Renew VMware Licenses for Saudi Telecom	Apr. 16	MT
Solutions by STC Signs Five-year Computing Devices Deal with Saudi Aramco	Mar. 10	MT
Arabian Internet and Communication Services Company Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 27	CI
Arabian Internet and Communication Services Company Recommends Distribute Cash Dividends to Shareholders for the Year 2023	Feb. 15	CI
Arabian Internet and Communications Services Company Announces the Signing of A Framework Agreement with Digital Centers for Data and Telecommunications Company	Feb. 10	CI
Arabian Internet and Communication Services Company completed the acquisition of Devoteam Middle East Fz-Llc from ORTLL Investment Limited and Devoteam SA.	Feb. 03	CI
Arabian Internet and Communications Services Company Announces the Signing of A Contract with Saudi Telecom Company	Jan. 25	CI
Arabian Internet and Communications Services Company Announces the Signing of A Revenue-Sharing Agreement with Remat Riyadh Development Company	Jan. 23	CI
Arabian Internet and Communications Services Company Announces the Signing of A Contract with Saudi Telecom Company	Jan. 15	CI
Arabian Internet and Communication Services Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Oct. 31	CI
MIDEAST STOCKS-Gulf shares drop in early trade on weaker oil prices	23-10-04	RE
Arabian Internet and Communication Services Company Reports Earnings Results for the Second Quarter Ended June 30, 2023	23-08-02	CI
Nile Global, Inc. announced that it has received $175 million in funding from a group of investors	23-07-31	CI
Arabian Internet and Communication Services Company signed of a binding offer to acquire 40% stake in Devoteam Middle East Fz-Llc from Devoteam SA and ORTLL Investment Ltd.	23-06-17	CI
Solutions by stc and Nile Partner to Deliver Secure Network as a Service to Customers in Saudi Arabia and the Extended Region	23-05-16	CI
Arabian Internet and Communication Services Company Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-14	CI
Nile Global, Inc. announced that it expects to receive $149.999997 million in funding	23-04-17	CI
Arabian Internet and Communications Services Co. Ltd. acquired Contact Center Co from Saudi Telecom Company and Startek, Inc. for an enterprise value of SAR 450 million.	23-04-02	CI
Arabian Internet and Communications Services Co. Ltd. Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-27	CI
SingleStore and Solutions by Stc Announce Exclusive Partnership and Reseller Agreement	23-02-07	CI
Arabian Internet and Communications Services Co. Ltd. Announces the Signing of A Contract with Saudi Telecom Company (Related Party)	22-12-08	CI
Arabian Internet and Communications Services Company Announces the Signing of A Number of Contracts with Saudi Telecom Company (Related Party)	22-12-01	CI
StarTek Accepts Arabian Internet's Final Offer to Acquire Joint Venture Company Stake	22-11-10	MT
Arabian Internet and Communications Services Co. Ltd. made a bid to acquire Contact Center Co from Saudi Telecom Company and Startek, Inc. for an enterprise value of SAR 450 million.	22-11-09	CI

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Company Profile

Arabian Internet and Communications Services Co CSJC is a Saudi Arabia-based company which is primarily engaged in providing Internet Services and Information Communication & Technology (ICT) services. The Company has three segments which include Core ICT Services, Information Technology (IT) Managed and Operational Services and Digital Services. Core ICT Services are core requirements of the businesses, enabling customers to have core IT requirements with systems, hardware/software, and connectivity to the Internet including system integration and communication and Internet services. IT Managed and Operational Services are considered as add on(s) and help the customers in managing their operations and improve the total cost of ownership, including outsourcing and managed services. Digital Services are advance digital services utilized by customers to further enhance and scale their offerings including cloud, cyber security and digital Services.

Sector

IT Services & Consulting

Calendar

2024-07-28 - Q2 2024 Earnings Release (Projected)

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Ratings for Arabian Internet and Communication Services Company

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

343.2 SAR

Average target price

354.3 SAR

Spread / Average Target

+3.23%

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Quarterly earnings - Rate of surprise

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