| Element List | Explanation |
|---|---|
| Introduction | Saudi Telecom Company (stc), announces that the Board of Directors has recommended to distribute special cash dividend of SAR (2) per share for the year 2024 to stc shareholders, and it will be presented to the General Assembly at its next meeting for voting. |
| Date of the board’s recommendation | 2025-02-25 Corresponding to 1446-08-26 |
| The Total amount distributed | SAR 9,973.82 million |
| Number of Shares Eligible for Dividends | 4,986.91 million shares |
| Dividend per share | SAR 2 |
| Percentage of Dividend to the Share Par Value (%) | 20 |
| Eligibility date | The eligibility of special cash dividends shall be for the shareholders registered at the end of 2nd trading day after the day of the General Assembly meeting, which will be announced later. |
| Distribution Date | Will be announced later. |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | N/A |
| Additional Information | It is worth noting that the total dividends for the year 2024 (after approving the special cash dividends by the General Assembly) will be SAR 3.75 per share, which represents 37.5% of the share’s par value. The total number of Treasury shares not entitled to dividends related to the Employees Stock Incentives Plan stood at 13,084,005 shares until this date. The distribution will be through Riyad Bank by 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 dividends: for foreign non-resident investors, the dividends paid by the company is subject to a withholding tax of 5% upon transfer to the non-resident investors 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 stc’s shareholders who did not receive their dividends for previous period, stc Investor Relations application or below link will enable stc’s shareholders to inquire about their uncollected dividends. If the application or the below link shows there is uncollected dividends, the shareholder is required to visit any branch of Riyad Bank for collection: https://www.stc.com.sa/content/stcgroupwebsite/s a/en/investors/dividents/divident-payment-inquires.html For any inquiry, shareholders can contact Investor Relations Sector, Shareholders affairs department, Tel. 8001161100, E-mail IRU@stc.com.sa or to write to the following address: Saudi Telecom Co., Investor Relations Sector, Shareholders affairs department, P. O. Box 87912 Riyadh 11652. |
