Riyadh – Mubasher: The ordinary general meeting of Saudi Telecom approved paying out cash dividends at SAR1 a share, or 10% of capital, totaling SAR2 billion for the fourth quarter of 2015.
Thus, the company annually distributed dividends at 40% of capital, SAR4 per share, totaling SAR8 million.
Shareholders of record till the coming shareholders’ meeting would receive the dividends starting from 28 April and the remaining portion will be ploughed into deferred dividends.
In 2015, the company’s profits declined 14.8% year-over-year to SAR9.3 billion from SAR10.96 billion.
