|23 January, 2020

Saudi Telecom to distribute dividends

The telecom company noted that the distribution date will be announced later.

Riyadh – Mubasher: Saudi Telecom Company (stc) announced that it will distribute SAR 2 billion interim dividends to shareholders for the fourth quarter (Q4) of 2019.

Dividends will be distributed at SAR 1 per share, representing 10% of the share’s par value, according to the company’s statement to the Saudi Stock Exchange (Tadawul).

The telecom company noted that the distribution date will be announced later.

The company’s decision is in accordance with the approved dividend policy for three years, starting from the Q4-18, which was ratified during the extraordinary general assembly meeting (EGM) on 24 April 2019.

Eligibility of dividends will be for shareholders registered in the register of the Securities Depository Center Company (Edaa) at the end of the second trading day after the day of the annual general assembly meeting, which will also be announced later.

The telecom company reported SAR 10.755 billion in last year's annual net profit.

Source: Mubasher

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