Multi-Business Group Wins STC Purchase Order

Multi-Business Group Co. has announced on Wednesday that it has secured a purchase order from Saudi Telecom Company (STC) to carry out restoration and improvement works for STC’s workplace environment and sales outlets.

The order is valued at more than 5% of the company’s revenue for fiscal year 2024, the company said in a statement on Tadawul.

The agreement is valid for 10 months, and the company expects the order to positively impact its financial results in the second half of 2025 and the first half of 2026.