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Solutions by Stc Selesaikan Akuisisi Devoteam Timur Tengah Senilai 79 Juta US Dollar

RIYADH: Saudi Arabia’s digital reach extends globally, with the Arabian Internet and Communications Services Co. acquiring a 40 percent stake in Devoteam Middle East. Â

The investment, totaling SR296.69 million ($79.1 million), solidifies the position of the company, also known as Solutions by stc, in the digital market.ÂThe completion of the acquisition of Devoteam Group’s regional subsidiary leads to a valuation of SR741.7 million for the acquired company, as reported by the Saudi Press Agency.

Source: Solutions by stc completes $79m acquisition of Devoteam Middle East

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