stc to pay Q4 2020 dividend, additional dividend for 2020 through Riyad Bank

Saudi Telecom Co. (stc) will pay dividend for Q4 2020 and an additional dividend for 2020 through Riyad Bank.

Shareholders registered in the company’s registry the Securities Depositary Center (Edaa) at the end of second trading day after the day of the general assembly meeting will be eligible for the dividend.

The dividends distribution date will be on May 24, the statement added.

Meanwhile, the telecom operator urged its shareholders to update their data and to make sure to link their bank accounts numbers to their investment portfolios to ensure the receipt of their cash dividend.

In March, stc’s board of directors recommended the distribution of additional 10% cash dividend for 2020, at SAR 1 per share, amounting to SAR 2 billion, according to data compiled by Argaam.

Earlier in January, the company’s board planned a 10% cash dividend for the fourth quarter of 2020, at SAR 1 per share, amounting to SAR 2 billion.