Solutions
Saudi Telecom Company subsidiary trading as "solutions".
"solutions", Saudi Telecom Company's 79%-owned contracting arm, disclosed a SAR 364m related-party win from fellow STC subsidiary Center3 on 4 August 2026.
Last refreshed: 14 August 2026 · Appears in 1 active topic
Why did a company called 'solutions' just win a $97m data-centre contract?
Timeline for solutions
Signed a SAR 364m contract with Center3 to build DDC307 in Dammam
Data Centres: Boom and Backlash: solutions wins SAR 364m Dammam buildBackground
"solutions" is the trading name of Arabian Internet and Communications Services Company, 79% owned by Saudi Telecom Company (STC).
The company disclosed on 4 August 2026 that it had won a SAR 364m (roughly $97m) construction contract, signed the previous day, from Center3, a fellow Saudi Telecom Company subsidiary . Because both firms share the same parent, Tadawul listing rules required the win to be disclosed as a related-party transaction rather than an open-market award.
For "solutions" the governance framing matters as much as the build itself: it is one of several contracts STC-owned entities disclose to satisfy exchange rules on internal dealing, with financial impact expected from the first quarter of 2027.