stc Group has secured the title of the supreme workplace in the Kingdom of Saudi Arabia, as declared by the esteemed professional networking service, LinkedIn.
As per a recent announcement, stc Group was succeeded by Red Sea Global, a prominent hospitality venture, and Saudi Arabian Oil Co., commonly known as Aramco, which claimed the second and third spots respectively.
Taking the fourth rank was the automotive producer Ceer, while the Public Investment Fund-supported ROSHN, alongside Riyad Bank, were positioned at fifth and sixth places respectively.
“LinkedIn top companies is an annual list created by data on its platform, which will help professionals identify the top workplaces to grow their careers. The list uncovers the organizations leading the way in growth and learning opportunities for their employees, equity in the workplace, and strong company culture,” the report elucidated.
Within the UAE, the business consulting titan Bain & Co. claimed the top spot, with Mastercard and Procter & Gamble trailing closely behind.
Salma Altantawy, senior news editor at LinkedIn, commented, This year’s lists show how companies in the UAE and Saudi Arabia are continuing to grow and expand, which further cements the region’s reputation as a leading business hub.
Altantawy further noted the list as a recognition for employers who could be a prime choice for professionals planning career moves in the coming year.
Marking the entertainment sector’s upswing in Saudi Arabia, Saudi Entertainment Ventures, or SEVEN, was ranked as the tenth-top company.
“Entertainment companies Miral and Saudi Entertainment Ventures have joined the top 15 companies in the UAE and Saudi Arabia in 2024. Both companies took 10th place in their respective countries, which shows the rise of the entertainment industry across the region,” LinkedIn reported.
The survey highlighted a trend where a significant number of professionals in the region are contemplating job changes, with the UAE experiencing a notable hiring increase over the past year.
In a financial update, stc Group reported a 9 percent surge in net profits for 2023, reaching SR13.3 billion ($3.55 billion), buoyed by a substantial revenue increase year-over-year.