Mubasher - Riyadh: Saudi Telecom Company (STC) will start distributing dividends of SAR 1 per share, representing 10% of capital and totalling SAR 2000 million to shareholders for the second quarter of 2016 on 21 August.

Registered shareholders at the end of trading on Sunday 31 July are eligible for the dividends, according to a bourse filing on Tuesday.

Starting from Q4-15, the company’s board agreed to adopt a new policy that involves giving out dividends for a three-year period.