STC distributes 2.47 billion riyals from the first quarter of 2025

The Board of Directors of the Saudi Telecom Company (STC) announced the distribution of cash profits to shareholders for the first quarter of the year 2025, starting from May 20.
The company said in a statement on “Saudi Arabia Trading” that the total amount distributed 2.47 billion riyals is divided into 4.98 billion shares, at 0.55 riyals per share, in line with the profit distribution policy for a period of three years, which started from the fourth quarter of 2024.
She added that the total number of treasury shares is not due to profits and allocated to the employee incentive stock program reached 13,084,005 shares to date.
The profits are scheduled to be distributed through the Riyad Bank by direct transfer of bank accounts attached to the investment portfolios of the shareholders.
“STC” called on all shareholders to update their data with the banks in which their accounts, to ensure their future profits deposited directly in their accounts.
With regard to foreign investors that are not residing, the distribution will be made through the resident financial broker, and it will be subject when transferred or registered in his account for the deduction tax by 5% according to the provisions of Article (68) of the tax system and Article (63) of its executive regulations.
She called on shareholders who did not during the previous periods receive the profits of their shares or deposit them in their investment portfolios, to verify the profits that are not received through their own application of investor relations, and to review the Riyad Bank to receive any united profits.