{"id":100969,"date":"2025-09-29T00:00:00","date_gmt":"2025-09-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/29\/solutions-lands-sar-313-mn-contract-to-power-stcs-5g-growth\/"},"modified":"2025-09-29T00:00:00","modified_gmt":"2025-09-29T00:00:00","slug":"solutions-lands-sar-313-mn-contract-to-power-stcs-5g-growth","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/29\/solutions-lands-sar-313-mn-contract-to-power-stcs-5g-growth\/","title":{"rendered":"Solutions lands SAR 313 mn contract to power stc\u2019s 5G Growth"},"content":{"rendered":"

\n

TELECOM-<\/p>\n

<\/strong>Solutions to help stc build its internal internet and communication networks<\/strong>:<\/strong> Arabian<\/a>Internet and<\/a>Communications Services Company<\/a> (solutions) sealed a SAR 313.4 mn, three-year contract with Saudi Telecom Company<\/a> (stc) to establish stc\u2019s internal internet and communication networks, it said in a Tadawul disclosure<\/a> yesterday. Stc is solutions\u2019 biggest shareholder, owning 79% of its shares.<\/p>\n

The details:<\/strong> Under the contract, solutions will upgrade stc\u2019s network infrastructure to support 5G growth, expand the network capacity, replace old hardware, and establish an internet infrastructure in new data centers located across Khamis Mushait, Dammam, North of Riyadh, and the Qassim Province. Solutions will manage end-to-end implementation from supply and installation to integration and testing.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

\n

REAL ESTATE-<\/p>\n

View United Real Estate Development<\/a><\/strong> l<\/strong>aunched the Prosperous Riyadh program to <\/strong>develop unused land subject to White Land Tax<\/strong>, it said in a disclosure to Tadawul<\/a> on Thursday. The program offers landowners flexible partnership models and variable cooperation options to convert their white land tax obligations into potential investments to transform these unused plots into residential and commercial projects.<\/p>\n

The move follows an MoU signed between View United and the Municipalities and <\/strong>Housing Ministry <\/strong>in January 2025<\/a><\/strong> that aims at stimulating the housing supply and real estate development in the Kingdom, enhancing the efficiency in the real estate market.<\/p>\n

ALSO- <\/strong>In a separate Tadawul disclosure<\/a>, the company announced that none of its real estate properties in Riyadh are subject to the White Land tax law, as they are all under development.<\/p>\n

\n

M&A WATCH-<\/p>\n

Raoom Trading Compan<\/a><\/strong>y<\/a><\/strong> tapped <\/strong>Al Wasatah Al Maliah<\/a><\/strong> (Wasatah Capital) as its financial <\/strong>advisor for the potential acquisition of <\/strong>Mohrkey Trading Company<\/a><\/strong>, it said in a disclosure to Tadawul<\/a> yesterday. Raoom signed a 60-day non-binding MoU earlier this month<\/a> to acquire a 51% majority stake in Mohrkey. The companies still need to conduct their due diligence, settle on a valuation, and obtain regulatory approval before a final agreement can be signed.<\/p>\n

About Mohrkey:<\/strong> The company operates over 35 fuel stations and vehicle service centers, including 14 Valvoline Express Care centers, and plans to expand to over 60 centers by year-end. It also runs a SAR 1 bn real estate fund dedicated to developing new sites.<\/p>\n","protected":false},"excerpt":{"rendered":"

ALSO- AI mortgage platform AngelAi expands to the Kingdom<\/p>\n","protected":false},"author":1,"featured_media":100970,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,1932,10,4076,2299,3707],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-arabian-internet-and-communications-services-solutions","tag-enterpriseam-ksa","tag-raoom-trading","tag-saudi-telecom-company-stc","tag-view-united-real-estate-development","wpautop","entry"],"acf":{"mongo_id":"504af0de-4bb5-44b9-bc9d-5ea8b05d58b9","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/9\/1707.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Solutions lands SAR 313 mn contract to power stc\u2019s 5G Growth","related_issue":[100954],"teaser":"ALSO- AI mortgage platform AngelAi expands to the Kingdom","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.5cd49317-006a-4082-bcbd-d609ecbbf22d.mp3"},"yoast_head":"\nSolutions lands SAR 313 mn contract to power stc\u2019s 5G Growth - 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