Saudi Telecom Company (stc) announces the interim dividends for the 4rd quarter 2020
|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 4nd quarter 2020.|
|Date of the board’s decision||2018-12-16 Corresponding to 1440-04-09|
|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 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||The total number of Treasury shares related to the Employees Stock Incentives Plan stood at 2,982,700 shares and those shares are not entitled for any dividends distribution. |
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 IRU@stc.com.sa or to write to the following address: Saudi Telecom Co., Investor Relations Department, Investors affairs Section, P. O. Box 87912 Riyadh 11652.
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.