TAWAL

TAWAL is a leading ICT infrastructure company based in Saudi Arabia, dedicated to providing reliable technologies and adjacent services in the Kingdom. Established in 2019 as a subsidiary of Saudi Telecom Company, TAWAL has quickly grown to own a portfolio of over 15,000 telecom towers across the country. The company's core focus is on boosting infrastructure sharing to enable operational efficiencies, minimize expenses, and reduce environmental impact.

TAWAL plays a pivotal role in the Saudi telecommunications infrastructure market by designing, building, and managing consolidated telecom infrastructure facilities, facilitating state-of-the-art and modular connectivity. The company's approach of enhancing tower sharing allows partners to attain operational excellence, resulting in higher profits and reduced capital and operating expenses. TAWAL also aims to minimize infrastructure duplications and visual pollution in congested urban areas.

The latest milestone for TAWAL came in August 27, 2023, with a significant $1.42 billion debt financing investment from prominent institutions including Saudi National Bank, Dubai Islamic Bank, and First Abu Dhabi Bank. This substantial influx of funds is expected to further propel TAWAL's expansion plans, as the company looks to embrace new technologies and innovative services such as small cells, IBS, and fiber. With a vision to extend its geographic reach to cover new cities, rural areas, and remote destinations, TAWAL is poised for continued growth and impact in the region.