Saudi Arabia’s Communications and Information Technology Commission (CITC) reported an 87 percent year-on-year (YoY) fall in its revenue by the end of 2016 to SAR 3.1 billion, the authority’s annual report showed.
Revenue came mostly from commercial service fees, which totaled SAR 2.15 billion. The remainder came from fees from licensing, the use of frequency spectrum and other revenue.
CITC’s expenses totaled SAR 461 million, implying a surplus of nearly SAR 2.6 billion in 2016.
The Kingdom’s telecom watchdog had 412 employees, including three expats, the report added.
|
CITC Balance Sheet |
|||||
|
Revenue (SAR mln) |
|||||
|
Variation (%) |
2016 |
2015 |
Item |
||
|
(34%) |
2,148.5 |
3,248.4 |
Fees for commercial services |
||
|
+16% |
371.6 |
321.7 |
Fees for licenses |
||
|
(98%) |
492.9 |
20,936.8 |
Fees for frequency spectrum* |
||
|
(4%) |
68.3 |
70.9 |
Other revenues |
||
|
(87%) |
3,081.3 |
24,577.8 |
Total revenue |
||
|
Expenses (SAR mln) |
|||||
|
+5% |
266.3 |
254.2 |
Employee costs |
||
|
+33% |
91.9 |
69.3 |
G&A expenses |
||
|
+212% |
58.2 |
18.7 |
Consulting |
||
|
+121% |
5.9 |
2.7 |
Software and IT systems |
||
|
+202% |
39.1 |
12.9 |
Capital expenses |
||
|
+29% |
461.4 |
357.8 |
Total expenses |
||
|
(89%) |
2,619.8 |
24,220.0 |
Surplus |
||
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