The Middle East’s
2. Olayan Alwetaid
Designation: Group CEO
Company: stc Group
Established: 1998
Headquarters: Saudi Arabia
In 2023, the stc Group implemented power-saving technologies using AI, leading to a 13% recorded decrease in energy consumption across its 4G and 5G networks. Its Renewable Energy Pilot Project has been ongoing since 2021. It aims to install solar PV systems on existing infrastructure across 18 sites to reduce over 8,000 metric tons of CO₂ emissions per year and is scheduled to be completed in 2024. In April 2024, the stc Group joined the “KSA Sustainability Champions” program, a knowledge transfer and partnership initiative by Saudi Arabia’s Ministry of Economy and Planning launched at the World Economic Forum Special Meeting in Riyadh, where the group signed a pledge that commits to net-zero by 2060 or earlier