Samaco Motors, the official importer of Porsche in Saudi Arabia, hosted an event in the Saudi capital on Oct. 28 to celebrate the launch of the new, all-electric Macan and the new updated Taycan in the Kingdom.

The event attracted Porsche customers, business leaders, media professionals, social media influencers and Porsche enthusiasts, all of whom enjoyed the first look of the company’s latest products.

The event is part of Porsche’s strategy to strengthen its presence in the Saudi automotive market and showcase the latest technologies and innovations in the field of electric vehicles.

During the launch ceremony, the features and specifications of the two new vehicles were demonstrated, and attendees had the opportunity to explore the models and learn more about them.

The launch of the electric Macan and the updated Taycan is an important step for Porsche to diversify and update its product range in line with its strategy to introduce more electrified models.

The new Macan features powertrains delivering up to 639 PS, offering top-tier performance on any terrain. With fast charging capabilities of up to 270 kW, the Macan showcases Porsche’s commitment to electric mobility. Both the Macan 4 and Macan Turbo provide an all-wheel drive, Porsche Traction Management, and top-class E-Performance.

The Macan 4 generates up to 408 PS and can accelerate from 0-100 km/h in just 5.2 seconds, with a top speed of 220 km/h.

Meanwhile, the Macan Turbo boasts 639 PS, rocketing from 0-100 km/h in just 3.3 seconds, with a top speed of 260 km/h.

The DC charging capability of the Macan is up to 270 kW. Under ideal conditions, the battery can be charged from 10 percent to 80 percent in approximately 21 minutes at a compatible fast-charging station, making the Macan an excellent companion for both everyday use and long journeys.

The new all-electric Macan can charge rapidly over a very wide state-of-charge range — with the battery temperature and weather conditions having relatively little impact on the charging time. The battery is preconditioned for an optimal charging experience.

The new all-electric Macan represents Porsche’s continued evolution toward sustainability, offering a range of advanced driving technologies, comprehensive assistance systems, and complete digital connectivity. This model is designed for drivers who value exceptional design and personalized customization, with exclusive options available through Porsche’s bespoke Exclusive Manufaktur program. With more than 800,000 Macans delivered worldwide since 2014, the new Macan marks the next milestone in Porsche’s journey toward a more sustainable future.

Meanwhile, Porsche has comprehensively improved the Taycan model range, significantly enhancing the overall system performance of the car. 

This is not only reflected in every model of the Taycan range, but even more in the new GT offer.

The Taycan Turbo GT with Weissach Package accelerates from 0 to 100 km/h in just 2.2 seconds.This makes it two-tenths of a second faster than the Taycan Turbo S. The difference in acceleration from rest to 200 km/h is even more pronounced: the Taycan Turbo GT with Weissach Package needs 6.4 seconds. Its top speed is 305 km/h.

Thanks to additional aerodynamic measures and lightweight construction, the model is even more performance-oriented. This makes the new Taycan now also the most powerful production car Porsche has ever built. With its outstanding track capabilities, it has set lap records on international racetracks and further raised the benchmark in terms of driving dynamics.

stc Group announced its financial results for the nine-month period of 2024, reporting a revenue increase of SR2.13 billion ($569.2 million), reaching SR56.6 billion, an increase of 3.92 percent compared to the same period last year. The net profit for the period reached SR11.2 billion. This reflects an increase of 11.9 percent compared to the same period last year after excluding the non-recurring gain from the sale of the Alkhobar land worth SR1.3 billion that was recorded in the third quarter of the previous year.

Additionally, stc subsidiaries’ revenue grew by 11 percent, contributing to the group’s record-breaking performance that exceeded market analysts’ estimates.

Based on the approval of stc Group’s General Assembly to sell 51 percent stake in Telecommunication Towers Company, known as TAWAL, to the Public Investment Fund, the comparative figures for the previous periods were reclassified as discontinued operations in the interim condensed consolidated financial statements as of Sept. 30. Furthermore, the material capital gain will be recognized after obtaining the necessary regulatory approvals and completing the transaction procedures.

Olayan Alwetaid, stc Group’s CEO, said: “stc Group is well positioned to continue its growth journey and maintain its leadership as the top digital enabler in the region. These outstanding results are a testament to the effective execution of the group’s strategy, which focuses on enhancing investment in infrastructure, growth in new technology sectors, and the activation of its efficiency program.”

stc Group is committed to enabling digital transformation in various vital sectors in Saudi Arabia by investing in digital infrastructure such as 5G, fiber optics, and data centers. The group continued its investment in advanced technologies like cloud computing, IoT, and fintech, while enhancing its cybersecurity capabilities.

stc also continued to strengthen its national strategic partnerships with mega-projects in the Kingdom such as NEOM, Diriyah, New Murabba and Red Sea. This reinforces the group’s commitment to enabling the realization of national objectives and continues to solidify its position as a key player in the global digital economy.

Moreover, stc’s board of directors endorsed on Aug. 24 an increase in the annual dividend by 37.5 percent, from SR1.6 to SR2.2 per share, starting from Q4 2024. This raises the total annual dividend from SR8 billion to SR11 billion over the next three years, reflecting the group’s strong financial position and confidence in sustainable operating cash flows, with the ability to continue expanding, growing, and diversifying investments.