Olayan Alwetaid

Olayan Alwetaid serves as Group CEO of STC (Saudi Telecom Company), the Middle East's largest telecommunications company by market capitalization and a cornerstone of Saudi Arabia's digital economy. STC serves over 180 million subscribers across its operating markets: Saudi Arabia (the dominant home market), Kuwait (through VIVA), Bahrain (through VIVA Bahrain), and Turkey (through Turk Telekom — one of Turkey's largest telecom operators). STC is uniquely positioned as a key enabler of Saudi Arabia's Vision 2030 digital transformation: the company is investing heavily in 5G network deployment (Saudi Arabia has one of the world's highest 5G coverage rates), cloud computing infrastructure, cybersecurity services, digital payments, and IoT platforms. Saudi Arabia's young, tech-savvy population (median age ~31) drives strong data consumption growth and digital services adoption. The company has also made strategic investments in digital infrastructure: data centers, submarine cable systems, and content delivery networks that serve the broader Middle East region. STC's government ownership (Saudi government entities hold approximately 64%) ensures alignment with national strategic priorities. Key stock drivers include Saudi mobile ARPU and subscriber growth, 5G monetization, enterprise and cloud services revenue, Turk Telekom performance, Vision 2030-related digital spending, dividend policy, and the competitive dynamics with Mobily and Zain in Saudi Arabia.