In the presence of the Chairman of Al Fozan Holding Company's Board of Directors and the Chairman of the Board of Trustees of the Al Fozan Program for Community Service, Mr. Abdullah bin Abdul Latif Al-Fozan, and the CEO of STC Group, Mr. Alian Al-Watid, a memorandum of understanding was signed between the Al Fozan Social Foundation and Saudi Telecom Company (STC) with the aim of collaborating on sustainability and social responsibility projects and programs at the STC headquarters in Riyadh.

The memorandum focuses on the following areas of cooperation and knowledge exchange:

- Applying the best international practices in sustainability and social responsibility, as well as compliance with the relevant legislation and regulations in the Kingdom.

- Arranging and coordinating joint meetings to innovate and deliver joint programs and initiatives for community development.

- Identifying the potential that contributes to activating the role of non-profit organizations, and facilitating the exchange of information and data between the parties in support of this memorandum.

- Enhancing cooperation to accomplish and manage relevant joint projects and initiatives to achieve the desired goals.

It is worth mentioning that the Al Fozan Program for Community Service is one of the leading programs in the Kingdom, offering unique and high-quality initiatives in various developmental fields that contribute to achieving sustainability targets for and by the community. Similarly, STC practices responsible business and considers it as one of the pillars of sustainability. STC has an impressive record of leading national social initiatives and projects, based on its awareness of its social responsibility towards individuals in its community. This is achieved through building and strengthening reliable and sustainable partnerships with non-profit organizations to enhance the quality of life and services in the community, aligning with its sustainability objectives.