Mubasher: STC approved distributing 10% of capital as cash dividends for the first quarter of 2017.
The Saudi firm will pay SAR 1 per share to the entitled shareholders, with a total value of SAR 2 billion as cash dividends, according to a bourse statement issued on Thursday.
The dividends’ distribution will be on 29 May through the branches of Saudi Fransi Bank.
STC noted that the eligibility of dividends shall be for the shareholders registered in Tadawul’s Securities Depositary Center on the closing of trading on Tuesday, 11 May, according to the statement.
At the stock level, STC closed Thursday’s session 0.51% lower at SAR 68.40.
