stc Group Proposes 37.5% Increase in Annual Dividends, Boosting Total to SAR 11 Billion
The Board of Directors of stc Group has proposed a significant increase in the company’s annual cash dividends, recommending a 37.5% rise from SAR 1.6 to SAR 2.2 per share. This adjustment would raise the total dividend distribution from SAR 8 billion to SAR 11 billion over the next three years.
The proposed dividend distribution policy will be presented to stc’s General Assembly for approval at its upcoming meeting, with the date to be announced in due course.
This recommendation reflects stc Group’s strong financial health and outstanding operational performance, aligned with the company’s ongoing strategy of expansion and growth.
