RIYADH:  The Mohammed bin Salman bin Abdul Aziz Foundation (Misk) and Saudi Telecom Co. (STC) signed a Memorandum of Understanding (MoU) to enhance cooperation in several fields at the institutional level and within entities affiliated with both parties.

The MoU, signed by Misk CEO Badr bin Hamoud Al-Badr and STC Group CEO Olayan Al-Wetaid, included several strategic objectives in the fields of training and development, and leadership preparation in cooperation with the STC Academy.

It also focused on supporting entrepreneurship and innovation through STC’s InspireU and ImpactU programs, in addition to social investment projects, volunteer programs, and on-the-job training initiatives for graduates of Misk programs at STC and its subsidiaries.

This partnership is proof of STC’s role and contribution to the Kingdom's Vision 2030 through social responsibility programs and support for national initiatives in developing human capital, unleashing youth capabilities in various fields, and accelerating innovation and digital transformation.

This memorandum of understanding will also support Misk's efforts towards digital transformation by benefiting from the various innovative technical services and solutions provided by STC and its subsidiaries.