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Saudi Telecom Company (stc) announces the Board of Directors recommendation to distribute a special cash dividends for the year 2023
| Element List | Explanation |
|---|---|
| Introduction | Saudi Telecom Company (stc), announces that the Board of Directors has recommended to distribute special cash dividend of SAR (1) for the year 2023 to stc shareholders, and it will be presented to the General Assembly at its next meeting for voting. |
| Date of the board’s recommendation | 2024-02-19 Corresponding to 1445-08-09 |
| The Total amount distributed | SAR 4,984.50 Million |
| Number of Shares Eligible for Dividends | 4,984.50 million shares |
| Dividend per share | SAR 1 |
| Percentage of Dividend to the Share Par Value (%) | 10 % |
| Eligibility date | The eligibility of special cash dividends shall be for the shareholders registered at the end of 2nd trading day after the day of the General Assembly Meeting, which will be announced later. |
| Distribution Date | Will be announced later |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| Additional Information | It is worth noting that the total dividends for the year 2023 (after approving the special cash dividends by the General Assembly) will be SAR 2.60 per share, which represents 26% of the share’s par value. The total number of Treasury shares not entitled to dividends related to the Employees Stock Incentives Plan stood at 15,493,743 shares at the end of the fourth quarter of 2023. 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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Company Performance
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Last Price 45.75
Net Change -0.2 (-0.44%)
Value Traded (Sar) 167,934,434.85
Volume Traded 3,668,185
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