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Saudi Telecom Company (stc) announces the latest development regarding its acquisition of 9.97% interest in Telefonica S.A. (Telefonica).
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by Saudi Telecom Company (stc) on the Saudi Exchange dated 28-11-2024 regarding its receiving the foreign investment authorization from the Spanish Council of Ministers, allowing stc to increase its voting rights from 4.97% to 9.97% and the right to appoint a board member in Telefonica. stc announces on 06-2-2025, that following the completion of all relevant requirements, stc has increased its voting rights from 4.97% to 9.97% in Telefonica. |
| Previous Announcement | Saudi Telecom Company (stc) announces the latest development regarding its acquisition of 9.9% interest in Telefonica S.A. (Telefonica). |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-11-28 Corresponding to 1446-05-26 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Following the completion of all relevant requirements, stc has increased its voting rights from 4.97% to 9.97% in Telefonica. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
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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Net Change 0.7 (+1.59%)
Value Traded (Sar) 122,358,758.2
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