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<\/span><\/figcaption><\/figure>DUBAI: Western Union<\/a>, the world's largest money transfer firm, has acquired a 15% stake in the digital payment unit of Saudi Arabia's STC Group for $200 million.

The acquisition of stc pay, which values the company at 5 billion riyals ($1.3 billion), will finance its capital and support long-term expansion plans, Saudi Arabia's largest telecoms operator said in a statement on Saturday.

STC Group chairman Mohammed bin Khalid Abdullah Al Faisal said the investment reflected the company's position as a \"digital enabler\". He said the deal created the first \"Saudi unicorn and the first fintech unicorn in the Middle East\".

Unicorns are generally defined as private companies valued at $1 billion or more.

Sources told Reuters last month that STC had hired banks to arrange a potential initial sale of shares in its product and services development arm, Solutions by STC.

Reducing dependence on cash is part of Saudi government efforts to modernise the economy of the world's largest oil exporter.

STC said its stc pay unit is the first licensed fintech company by the Saudi Arabian Monetary Authority, the Saudi central bank, and has more than 4.5 million users.
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西部联合电报公司购买15%的股份在沙特电信的数字付款单位

西方联盟,世界上最大的汇款公司,收购了15%的股份的数字付款单位沙特阿拉伯的STC集团以2亿美元的价格。

  • 更新于2020年11月22日09:51点坚持
阅读: 100年行业专业人士
读者的形象读到100年行业专业人士
迪拜:西部联合电报公司全球最大的汇款公司,收购了15%的股份的数字付款单位沙特阿拉伯的STC集团以2亿美元的价格。

stc)支付的收购,该公司的估价在50亿里亚尔(13亿美元),将其资本融资和支持长期的扩张计划,沙特阿拉伯最大的电信运营商周六在一份声明中说。

STC)集团董事长阿卜杜拉穆罕默德•本•哈立德在费萨尔说投资反映出公司作为“数字推动者”的地位。他说交易创造了第一个“沙特独角兽和第一个中东fintech独角兽”。

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独角兽通常定义为私人公司价值10亿美元或更多。

上个月消息人士向路透表示,STC已聘请银行安排的潜在首次出售股票在其产品和服务的开发部门,由优质的解决方案。

减少依赖现金是沙特政府的一部分,努力实现经济现代化的世界上最大的石油出口国。

STC)表示,其优质支付单位是第一个授权fintech公司由沙特阿拉伯的货币权威,沙特央行,并拥有超过450万用户。
  • 发布于2020年11月22日09:49点坚持

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\"\"
<\/span><\/figcaption><\/figure>DUBAI: Western Union<\/a>, the world's largest money transfer firm, has acquired a 15% stake in the digital payment unit of Saudi Arabia's STC Group for $200 million.

The acquisition of stc pay, which values the company at 5 billion riyals ($1.3 billion), will finance its capital and support long-term expansion plans, Saudi Arabia's largest telecoms operator said in a statement on Saturday.

STC Group chairman Mohammed bin Khalid Abdullah Al Faisal said the investment reflected the company's position as a \"digital enabler\". He said the deal created the first \"Saudi unicorn and the first fintech unicorn in the Middle East\".

Unicorns are generally defined as private companies valued at $1 billion or more.

Sources told Reuters last month that STC had hired banks to arrange a potential initial sale of shares in its product and services development arm, Solutions by STC.

Reducing dependence on cash is part of Saudi government efforts to modernise the economy of the world's largest oil exporter.

STC said its stc pay unit is the first licensed fintech company by the Saudi Arabian Monetary Authority, the Saudi central bank, and has more than 4.5 million users.
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