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.

 

Dividend Details (Q3 2019)

Current Capital

SAR 20 bln

Number of shares

2 bln

Dividend

SAR 2 bln

Percentage of capital

10% (SAR 1 per share)

Record date

Oct. 29, 2019

Payment date

Nov. 19, 2019

Dividend for 9M 2019

Total dividend

SAR 6 bln

Percentage of capital

30% (SAR 3/share)

 

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