Alwetaid became stc Group CEO in 2021. In September 2025, stc Group announced investments of more than $320 million to expand digital infrastructure and services across Red Sea Global’s destinations. In November, the group completed MENA’s first trial of the 7GHz (6G-enabled) frequency band. As of September 2025, stc held about $41 billion in assets and generated $15.4 billion in revenue in the first nine months of 2025. Alwetaid sits on boards of SAMENA, KACST, and Spain’s Telefónica.