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

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.