Saudi Telecom to distribute dividend for Q2 2017

26/07/2017 Argaam

Saudi Telecom Co. (STC) will distribute a 10 percent cash dividend for the second quarter 2017, at SAR 1 per share, amounting to SAR 2 billion.

 

Dividend will be distributed through branches of Banque Saudi Fransi, the telecom operator said in a bourse statement on Wednesday.

 

Cash Dividend Details (Q2 2017)

Current Capital

SAR 20 bln

Number of shares

2 bln shares

Cash dividend

SAR 2 bln

Percent capital

10% (SAR 1 per share)

Record date

July 31, 2017

Payment date

Aug. 20, 2017

Dividend for H1 2017

Total cash dividend

SAR 4 bln

Percent of capital

20% (SAR 2/share)

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