SAUDI TELECOM COMPANY DIVIDEND POLICY FOR THE THREE YEARS STARTING FROM Q4 2015

STC Dividends policy for the three years starting from the 4th quarter 2015 approved previously by the Board of Directors in their meeting held on Tuesday 10/11/2015, was ratified during the General Assembly Meeting on 04/04/2016.

The dividend policy’s objective is to maintain a minimum level of dividend per share in Saudi Riyal terms on quarterly basis. Dividends distributions for the next three years will therefore be in line with this dividend policy. The dividend policy is as follows:

STC commits to pay a fixed quarterly dividend of a minimum of SR 1 per share. Further, the company will consider and pay additional dividend on quarterly basis subject to the Board's assessment and determination of the Company's financial situation, outlook and capital expenditure requirements. Additional dividends are likely to vary quarter on quarter depending on company performance. The dividends policy will remain subject to:

  • The material changes in the strategy and business of the company (including the business environment it operates in)
  • Laws and regulations that are applicable on the company
  • Any banking, other funding or credit rating covenants that the company may be bound to from time to time
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