By: Mohammed Idris
Mubasher - Riyadh: Saudi Telecom Company (STC) will announce the financial results for the first half of 2016 on 26 July, sources told Mubasher.
STC posted a 5% decline in profits in the first quarter of the year, recording SAR 2.37 billion ($632 million) compared to SAR 2.5 billion ($667 million) in the same quarter last year.
On 19 May, the telecom company approved distributing cash dividends of SAR 1 per share for the first quarter of 2016, totalling SAR 2 billion ($533.4 million).
Translated by: Moslem Ali
