STC launches ‘1,000 Volunteers’ campaign

Abdullah Al-Fahad, general manager corporate communication, STC.
Updated 08 December 2017
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STC launches ‘1,000 Volunteers’ campaign

On the International Volunteer Day celebrated on Dec. 5, STC launched a “1,000 Volunteers” campaign, which aims to enhance positive interaction between employees and society, in line with the Kingdom’s Vision 2030. The campaign aims to reach a million volunteers.
Abdullah Al-Fahad, general manager corporate communication, STC, said: “The expertise, knowledge and skills of STC’s employees in various fields enable them to innovate and add value in many areas of volunteering, including charity.”
He added: “We are quite confident that ‘1,000 Volunteers’ will be a new start for our employees to continue their positive role in the Kingdom’s society and promote values of giving as well as to contribute effectively to achieving one of the objectives of the Kingdom’s Vision 2030 to reach a million volunteers.”
The campaign is part of STC’s social responsibility program, which aims to build a partnership with society and increase its chances of growth and development through sustainable development projects.


ITC gets $180m financing boost from China bank

Updated 20 October 2018
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ITC gets $180m financing boost from China bank

Integrated Telecom Company (ITC) has signed a $180 million financing agreement with ICBC China in Beijing, as part of its goal to develop the Kingdom’s leading gigabit broadband infrastructure. 

Pursuant to this agreement, ICBC will finance ITC’s fiber to the home (FTTH) network rollout, providing 640,000 homes in the Kingdom with gigabit broadband connectivity.

This high-speed FTTH project is a Ministry of Communications and Information Technology (MCIT) initiative, signed with ITC last year. It is a vital component of the Saudi Vision 2030.

ITC CEO Ghassan Itani stated that ITC has achieved an important milestone with this financing agreement, and is proud to participate in this important project carried out with the oversight of the MCIT and the Communications and Information Technology Commission (CITC).

Itani said that this financing reflects the high degree of confidence by investors and foreign banks in ITC’s future vision, the Kingdom’s telecommunications sector and the broader Saudi economy.

“This financing will provide additional liquidity to fund ITC’s development plans which focus upon deploying a gigabit broadband network throughout the Kingdom. We are fully committed to playing a crucial role in the evolution of the telecommunications sector in the Kingdom, and we have achieved noticeable progress with regard to our transformation strategy,” Itani added.