[12][13] In February 2022, it was announced that stc subsidiary, TAWAL, has acquired the Pakistani company, AWAL Telecom Private Limited - an independent passive telecommunications tower provider, for an undisclosed sum.

[20] It was announced in March 2023 that stc Group would provide the digital infrastructure for the Formula 1 Saudi Arabian Grand Prix, making it the company’s third consecutive year of partnership.

[21] Saudi Telecommunication Company's subsidiary TAWAL officially began operations in Europe in August of that year.

Since the program’s inception, the InspireU accelerator has supported over 90 digital projects, with investments and financial transactions hitting a market value of $SAR 12 billion.

[25] In October 2021, stc Group launched 3 data centers in Riyadh, Jeddah, and Al-Madina with a $SAR 1 billion investment.

CIF invests in early-stage startups in the cybersecurity, AI, digital gaming, IoT, and blockchain sectors.

The program aims to incubate five startups annually and increase the initial investment for each to $SAR 100,000 to drive local economic growth.

Western Union soon after purchased 15% shares at a $1.3 billion valuation, making stc pay the first and largest fintech unicorn in the Middle East.