Saudi Telecom Company (stc) announced that it has approved a dividend distribution of 0.55 riyals (14.66 cents) per share for each quarter over the next three years, starting from the fourth quarter of 2024 and continuing until the third quarter of 2027.
In a statement to the Saudi stock exchange, the company said that this policy will be presented at the upcoming General Assembly meeting for approval.
The statement also indicated that the company may consider “paying additional dividends after evaluating the financial situation, future outlook, strategic investments, and the company’s capital requirements.”
