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Saudi Telecom Company (stc) announces an additional dividends for the year 2020

STC 7010 -1.31% 41.40 -0.55
Element List Explanation
Introduction Saudi Telecom Company – stc - (the company), announces that the Board of Directors has recommended to pay additional dividend of SAR (1) for the year 2020 to stc shareholders, and it will be presented to the General Assembly at its next meeting for approval.
Date of the board’s decision 2021-03-25 Corresponding to 1442-08-12
The Total amount 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 additional dividends shall be for the shareholders registered at the end of 2nd trading day after the day of the Annual General Assembly Meeting, which will be announced later.
Distribution Date Will be announced later
Additional Information It is worth noting that the total dividends for the year 2020 (after approving the additional dividends) will be 5 riyals per share, which represents 50% of the share’s par value.

The distribution will be through direct bank transfer to shareholders bank accounts linked to their portfolios. 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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