The stc Group’s Board of Directors has recommended increasing the annual cash dividends by 37.5%, from SAR 1.6 to SAR 2.2 per share annually, raising the total amount from SAR 8 billion to SAR 11 billion over the next three years.
stc Group, an engine of digital transformation, is playing a key role in driving Saudi Arabia to become the world’s most connected and digitalized nation, in line with Vision 2030. Furthermore, the Group is supporting the kingdom to become the premier global hub for gaming and esports.
The Public Investment Fund (PIF) and Saudi Telecommunications Company (stc group) announced today the signing of definitive agreements whereby PIF will acquire a 51% stake in Telecommunication Towers Company Limited (TAWAL)