| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Telecom Company (stc) announces that the Board of Directors on 24-8-2024 has approved the company's dividends distribution policy for the next three years. The dividends distribution policy remains subject to the ratification in the next General Assembly meeting, which will be announced later. |
The dividends distribution policy is as follows:
stc commits to pay SAR 0.55 per share per quarter for the next three years starting from the dividends distribution of the 4th quarter of 2024 until the 3rd quarter of 2027. Further, the company may consider paying special dividends after the assessment of the Company's financial position, future outlook, strategic investments and capital expenditure requirements. Any special dividends will be subject to stc’s Board of Directors recommendation and the General Assembly’s ratification.
The dividends distribution policy remains subject to change based on any material changes in stc’s strategy and business, regulatory requirements applicable to the Company, or banking covenants.
The Capital Market Authority and Saudi 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.