Riyadh – Mubasher: The board of the Saudi Telecom Company (STC) has recommended 10% of the capital as cash dividend for the first quarter of 2019.
STC’s board proposed paying SAR 1 per share for Q1-19, at a total value of SAR 2 billion distributed on 2 billion shares.
Eligibility of the proposed dividends shall be for the shareholders at the close of trading on Sunday 5 May 2019, while the dividend distribution date will be on 27 May 2019, according to a bourse filing to the Saudi Stock Exchange (Tadawul) on Monday.
Earlier on Monday, STC announced an increase of 6.26% in net profit, after Zakat and tax, to SAR 2.75 billion during Q1-19.
