Options by stc completes $79m acquisition of Devoteam Center East  


RIYADH: Saudi Arabia’s digital attain extends globally, with the Arabian Web and Communications Providers Co. buying a 40 p.c stake in Devoteam Center East.  

The funding, totaling SR296.69 million ($79.1 million), solidifies the place of the corporate, also called Options by stc, within the digital market. The completion of the acquisition of Devoteam Group’s regional subsidiary results in a valuation of SR741.7 million for the acquired firm, as reported by the Saudi Press Company.