stc shareholders to vote on 3-year dividend policy on Nov. 6

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Shareholders of Saudi telecom giant stc will vote on the company’s three-year dividend policy during the ordinary general meeting (OGM) scheduled for Nov. 6.
 
The policy will apply from Q4 2024 through Q3 2027, stc said in a statement to Tadawul.
 
 

 

According to this policy, the telecom operator will pay a fixed dividend of SAR 0.55 per share on a quarterly basis for the next three years.

 

Further, the company will consider paying an additional dividend, after assessing its financial position, outlook, strategic investments, and capital expenditure requirements.

 

Any additional payouts are subject to the board’s proposal and shareholder approval.

 

The dividend policy is subject to change based on any material developments in the company’s strategy and business, banking undertakings, or regulatory requirements.

 

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