Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) registered a 33.98% year-on-year (YoY) leap in net profit to SAR 1.59 billion during 2024, versus SAR 1.19 billion.
The group’s revenues stood at SAR 12.06 billion as of 31 December 2024, up 9.28% from SAR 11.04 billion a year earlier, according to the financial income results.
Additionally, the earnings per share (EPS) jumped to SAR 13.42 last year from SAR 10.02 in 2023.
Cash Dividends
The board members recommended disbursing ordinary cash dividends of SAR 8 per share and an additional special cash dividend of SAR 2 per share to the shareholders for 2024.
Total cash dividends stand at SAR 1.19 billion for 119 million eligible shares, while the distribution date will be unveiled later.
In the nine-month period that ended on 30 September 2024, solutions posted 23.30% YoY higher net profits at SAR 1.27 billion, compared to SAR 1.03 billion.
Recently during the LEAP 2025 conference, Saudi Telecom Company (stc) launched upsource by solutions, the new identity of the group’s Contact Center Company (CCC) specialised in business outsourcing.
