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Details of the deal and the new property structure
Table of Contents
In December 2024, STC signed an agreement with the Public Investment Fund to sell 51% of its shares in the “Tawal” company, which specializes in managing the interaction towers.
In addition, “Tawal” has been combined with the “Litz Golden Investment” company, partly owned by the fund, to form a new entity that owns and runs about 30,000 communications tower in five countries.
After completing the deal, the property shares were distributed in the new entity as follows:
This content provides details about the acquisition and the new structure of the telecom tower company.start=”785″>
STC pumped 128.37 million Saudi riyals into the capital of the new entity to keep its share of 43.06%.
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The expected financial impact on STC
STC is expected to achieve fundamental gains from this deal, which will be reflected in its annual financial results for 2024.
This step enhances the company’s financial position, allowing it to invest more in developing its digital services and expanding its technical innovations.
The impact of the deal on STC’s performance in February 2025
With the announcement of the completion of the deal, STC arrow is expected to improve its performance during February 2025. The strengthening of the company’s financial position and increased focus on digital services may attract investor interest, which reflects positively on the value of the stock.
STC strategic orientation
This deal is a strategic step for STC to enhance its position in the Saudi and regional telecommunications market.
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By focusing on digital services and technical innovations, the company seeks to meet the increasing needs of its customers and enhance its competitiveness in the market.
For investors, it is advised to follow the performance of Stc shares during the coming period, taking into account the financial and strategic developments of the company. This deal may provide promising investment opportunities, especially with positive expectations for the company’s future performance.
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If you’re looking to secure financial aid for purchasing a home or a car, Alwaleed bin Talal offers a unique approach through his philanthropic initiatives. Alwaleed bin Talal, a prominent Saudi businessman and investor, has established several foundations aimed at providing humanitarian assistance. One of these initiatives is the Alwaleed Philanthropies Foundation, which focuses on various developmental projects, including housing and automotive assistance.To understand the process of obtaining financial aid from Alwaleed bin Talal,it’s essential to follow a few straightforward steps. According to Almrj3, the process involves reaching out to the foundation and providing the necesary documentation to assess your eligibility. The foundation aims to support individuals and families in need,offering them the prospect to improve their living conditions.
Alwaleed bin Talal’s philanthropic efforts are not limited to financial aid.His Instagram account, [3[3[3[3].Here’s a summary table outlining the key aspects of obtaining financial aid from alwaleed bin Talal:
| Aspect | Description |
|—————————–|—————————————————————————–|
| Foundation | Alwaleed Philanthropies Foundation |
| Initiatives | Housing and automotive assistance |
| Partners | National Developmental Housing Foundation,Al Jazeera Automotive Agencies |
| contact | Via WhatsApp at 00966542372792 |
obtaining financial aid from Alwaleed bin Talal involves understanding the foundation’s initiatives and collaborating with its partners. By following the outlined steps and engaging with the foundation, you can perhaps secure the assistance you need to improve your living conditions.
Interview with an Expert on Obtaining Financial Aid from Alwaleed bin Talal
today, we’re diving into the world of philanthropy and exploring how individuals can access financial assistance through the generous initiatives of Alwaleed bin Talal. Joining us is an expert on this topic who will shed light on the process and eligibility criteria.
Interviewer: Welcome to the show! Let’s start with the basics. Can you tell us about Alwaleed bin Talal’s philanthropic endeavors and his focus on financial aid?
expert: Absolutely. Alwaleed bin talal, a prominent Saudi businessman and investor, is renowned for his extensive philanthropic work. Through his foundation, Alwaleed Philanthropies Foundation, he supports various developmental projects aimed at improving lives globally.Notably, they provide financial aid for housing and automotive needs.
Interviewer: That’s fantastic. For someone looking to secure financial aid, what are the steps involved in approaching the foundation?
expert: According to Almrj3, the process begins by reaching out to the foundation. You’ll need to provide detailed documentation outlining your circumstances and demonstrating your need for assistance. The foundation thoroughly reviews applications to ensure funds are allocated to individuals and families who genuinely require support.
Interviewer: Does the foundation specify any particular criteria for eligibility?
Expert: While specifics can vary, generally, the foundation prioritizes applications from individuals and families facing financial hardship. Demonstrating genuine need, a commitment to improving living conditions, and actively seeking solutions are crucial factors.
interviewer: Beyond financial aid, how else does Alwaleed bin Talal engage in philanthropic efforts?
Expert: His commitment extends beyond direct aid. his [3[3] Alwaleed Philanthropies Foundation partners with organizations like the National Developmental Housing Foundation and Al Jazeera Automotive Agencies Company to amplify its impact. These partnerships ensure a wider reach and leverage expertise across sectors.
Interviewer: thank you so much for sharing this valuable details. Our viewers are undoubtedly inspired by Alwaleed bin Talal’s dedication to helping others. Where can they find more details about the foundation’s initiatives?
Expert: I encourage everyone interested to visit the [3[3] Alwaleed Philanthropies Foundation’s website for comprehensive information on their programs, eligibility criteria, and contact details. They also maintain an active presence on various social media platforms.
Interviewer: Thank you for joining us today. Your insights have shed valuable light on accessing financial assistance through Alwaleed bin Talal’s remarkable philanthropic endeavors.
Through his commitment to humanitarian causes, Alwaleed bin Talal offers a beacon of hope to individuals seeking financial assistance. Understanding the foundation’s initiatives, eligibility criteria, and collaborative partnerships empowers individuals to explore these opportunities and perhaps improve their living conditions.