| Element List |
Explanation |
| Introduction |
In accordance with the approved dividend policy for three years starting from the 4th quarter 2018, which was announced on 16 December 2018, and has been ratified during the Extra Ordinary General Assembly Meeting on April 24th 2019, STC will distribute interim dividends to the shareholders for the 2nd quarter 2020. |
| Board Resolution Date |
2018-12-16 Corresponding to 1440-04-09 |
| Total Amount of Dividend Distributed |
SAR 2,000 million |
| Number of Shares Eligible for Dividends |
2,000 million shares |
| Dividend per share |
SAR 1 |
| Percentage of Dividend to the Share Par Value (%) |
10 % |
| Eligibility date |
The eligibility of dividends shall be for the shareholders at the close of trading on Tuesday 28/07/2020 corresponding to 07/12/1441 H and as per the registered shareholders in the register of The Securities Depository Center Company at the end of the 2nd trading day following the eligibility date. |
| Distribution Date |
Dividend distribution date will be on 25/08/2020 corresponding to 06/01/1442H. |
| Additional Information |
The distribution will be through Saudi Fransi Bank branches by direct bank transfer to shareholders bank accounts linked to their portfolios. For the shareholders who own investment portfolios linked with bank accounts that do not accept bank transfer, they must go to any Fransi Bank branches along with their National ID (for Saudis) or Iqama (for none Saudis) to collect their dividends directly from the bank. STC urges its shareholders to update their data and to make sure to link their bank accounts numbers to their investment portfolios to ensure the receipt of their cash dividends. We would like to draw the attention to the following regulation regarding the payment of dividend: for foreign non-resident investors the dividend paid by the company is subject to a withholding tax of 5% upon transfer to the non-resident investor or credit to its account according to the provisions of Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations. For any inquiry, shareholders can contact Investor Relations Department, Investor Affairs Section, Tel. 8001161100 Fax. 0114433530 E-mail [email protected] or to write to the following address: Saudi Telecom Co., Investor Relations Department, Investors affairs Section, P. O. Box 87912 Riyadh 11652. |
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