Saudi Telecom Co.’s (STC) board of directors has recommended a 10 percent cash dividend for the third quarter of 2019, at SAR 1 per share, amounting to SAR 2 billion, it said in a bourse statement today.
Dividend distribution will be processed to eligible shareholders through Saudi Fransi Bank.
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Dividend Details (Q3 2019) |
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Current Capital |
SAR 20 bln |
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Number of shares |
2 bln |
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Dividend |
SAR 2 bln |
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Percentage of capital |
10% (SAR 1 per share) |
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Record date |
Oct. 29, 2019 |
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Payment date |
Nov. 19, 2019 |
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Dividend for 9M 2019 |
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Total dividend |
SAR 6 bln |
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Percentage of capital |
30% (SAR 3/share) |
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