Riyadh – Mubasher: Saudi Telecom Company (stc) will pay SAR 1 per share as a cash dividend for the first quarter (Q1) of 2021, according to a bourse disclosure on Thursday.

The dividends’ amount totals SAR 2 billion, representing 10% of the capital.

The telecom operator will pay the dividends on 31 May to the shareholders of record date 4 May.

During the fourth quarter (Q4) of 2020, stc achieved net profits worth SAR 2.7 billion, up by 15.6% from the same period in 2019. The company back then said it will distribute cash dividends of SAR 2 billion for Q4-20.