Saudi Telecom expands digital services: Saudi Telecom stock sits 6.13 percent below high

Published on 10/09/2026 at 13:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter revenue rose 3.80 percent to SAR 19.90 billion. Saudi Telecom stock closed at SAR 42.60 on October 8 versus SAR 45.38 high.

Key points in brief

Saudi Telecom expanded digital services into logistics, tourism, sports and real estate on October 5, 2026.
First-quarter revenue rose 3.80 percent to SAR 19.90 billion, according to Argaam.
Saudi Telecom closed at SAR 42.60 on Tadawul on October 8, 2026, 6.13 percent below its SAR 45.38 52-week high.
Second-quarter revenue reached SAR 20.17 billion and net income was SAR 3.62 billion for the period ended June 30, 2026.

Saudi Telecom, SA0007879543, Illustration mit AI erstellt.

Saudi Telecom expanded digital services into logistics, tourism, sports and real estate on October 5, 2026, while Saudi Telecom stock sat 6.13 percent below its 52-week high. Argaam reported that first-quarter revenue rose 3.80 percent year over year to SAR 19.90 billion and net profit increased 1.30 percent to SAR 3.70 billion.

Three earnings milestones

On February 17, 2026, Saudi Telecom announced a quarterly dividend of SAR 0.55 per share. On July 29, 2026, the company reported second-quarter revenue of SAR 20.17 billion and net income of SAR 3.62 billion for the period ended June 30, 2026. The Saudi Exchange lists both the dividend action and the six-month financial disclosure in its company announcements. Saudi Exchange

On October 5, 2026, the digital expansion update became the latest dated company development in the reviewed period. Its stated areas include cloud services, cybersecurity, Internet of Things applications and data-center infrastructure, linking the telecom base with non-telecom industries.

What does the earnings base mean?

Second-quarter revenue increased 1.16 percent from SAR 19.94 billion in the first quarter, while net income fell 1.98 percent from SAR 3.70 billion. The contrast matters because the expansion strategy is being built alongside a business that is still producing multi-billion-riyal quarterly revenue and profit.

The balance sheet also shows the scale of the operator. Total assets stood at SAR 167.0 billion on June 30, 2026, and operating cash flow was SAR 8.34 billion for the first half of 2026. Saudi Exchange reports the figures in thousands of SAR.

Stock stays below the yearly high

Saudi Telecom closed at SAR 42.60 on Tadawul on October 8, 2026, down 0.93 percent from the previous close of SAR 43.00. The price was SAR 2.78 below the SAR 45.38 52-week high, a gap of 6.13 percent, while the 52-week low was SAR 40.20. Market capitalization was SAR 212.6 billion on the same date.

For valuation context, Investing.com listed a 12-month average analyst target of SAR 48.14 from 18 ratings, including 9 Buy and 9 Hold ratings, on its October 9, 2026 page. Investing.com also showed a 5.16 percent dividend yield.