Tawal

TowerCo is the first telecom tower company in the Kingdom of Saudi Arabia, designing, building, and managing state-of-the-art towers.

TowerCo is the first telecom tower company in the Kingdom of Saudi Arabia, designing, building, and managing state-of-the-art towers.

TowerCo is the first telecom tower company in the Kingdom of Saudi Arabia, designing, building, and managing state-of-the-art towers.

TAWAL Co., a telecommunications tower company, is in talks to acquire more than 10,000 tower sites from Etihad Etisalat Co. (Mobily), Semafor reported

Jul 2026ArgaamPlusNews article

PIF nabs controlling stake in Tawal from STC: The Public Investment Fund (PIF) wrapped up its SAR 8.9 bn acquisition of a 51% stake in Telecoms Towers (Tawal) from Tadawul-listed Saudi Telecom (STC), which is itself majority-owned by the sovereign wealth fund, according to a filing to the exchange. The related party transaction saw STC transfer its ownership in Tawal to a third entity as part of a merger with PIF-backed Latis Golden Investment (GLIC).

Feb 2025KSANews article

Saudi Arabia’s sovereign wealth fund The Public Investment Fund (PIF) has reached an agreement with mobile network operator Saudi Telecommunications Company (stc Group) for PIF to acquire a 51% stake in Telecommunication Towers Company (TAWAL) from stc Group.

Apr 2024CapacityNews article

Saudi Gazette report RIYADH — The Public Investment Fund (PIF) and Saudi Telecommunications Company (stc Group) have finalized definitive agreements for PIF to acquire a 51% stake in Telecommunication Towers Company Limited (TAWAL) from stc Group, valued at $5.85 billion. This acquisition marks a pivotal step in consolidating TAWAL and Golden Lattice Investment Company (GLIC) into a new entity, set to become the largest telecom tower company in the region. Owned 54% by PIF and 43.1% by stc Group

Apr 2024Saudi GazetteNews article