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Saudi Telecom Company (stc) announces the interim dividends for the 1st quarter of 2024.
| Element List | Explanation |
|---|---|
| Introduction | In accordance with the dividends, distribution policy for three years period starting from the 4th quarter of 2021, which was ratified during the Ordinary General Assembly Meeting on 30-11-2021. In addition to the amendment on the dividends distribution policy, which was ratified by the Extraordinary General Assembly Meeting on 30-8-2022, by distributing an amount of SAR 0.40 per share per quarter. stc will distribute interim dividends to the shareholders for the 1st quarter of 2024. |
| Date of the board’s decision | 2022-06-11 Corresponding to 1443-11-12 |
| The Total amount distributed | SAR 1,993.80 million |
| Number of Shares Eligible for Dividends | 4,984.50 million shares |
| Dividend per share | SAR 0.40 |
| Percentage of Dividend to the Share Par Value (%) | 4 % |
| Eligibility date | The eligibility of dividends will be for the shareholders at the close of trading on Tuesday 21-5-2024 and as per the registered shareholders in stc’s shareholders registry in the Depository Center at the end of the 2nd trading day following the eligibility date. |
| Distribution Date | Dividend distribution date will be on Monday 10-6-2024. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| Additional Information | The total number of Treasury shares not entitled to dividends related to the Employees Stock Incentives Plan stood at 15,493,743 shares until this date. The distribution will be through Riyad Bank by direct bank transfer to shareholders bank accounts linked to their portfolios. stc urges its shareholders to update their data and to make sure to link their bank accounts numbers to their investment portfolios to ensure the receipt of their cash dividends. We would like to draw the attention to the following regulation regarding the payment of dividends: for foreign non-resident investors, the dividends paid by the company is subject to a withholding tax of 5% upon transfer to the non-resident investors or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations. For any inquiry, shareholders can contact Investor Relations Sector, Shareholders affairs department, Tel. 8001161100, E-mail IRU@stc.com.sa or to write to the following address: Saudi Telecom Co., Investor Relations Sector, Shareholders affairs department, P. O. Box 87912 Riyadh 11652. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 38.35
Net Change 0.35 (+0.92%)
Value Traded (Sar) 71,270,486.1
Volume Traded 1,867,610
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