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STC board approves SAR2bn cash distribution

STC board approves SAR2bn cash distribution
Photo Credit: Arabianeye - Reuters
STC
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Riyadh – Mubasher: The board of Saudi Telecom Co. (STC) endorsed on Thursday the distribution of cash dividends for the second quarter of 2015 at SAR 1 per share, totaling SAR 2 billion.

The cash distribution represents 10% of the stock par value.

Shareholders of record till the close of trading on 3 August will be entitled to the cash distribution that will be effected on 25 August.