العربية

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stc
Annual Report
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A brief overview of stc
Group

 

,The performance, activities

and investments of stc Group

and its subsidiaries during

the year 2022

 

Risks management

and transactions with

related parties

 

Board of Directors and
Committees

 

Dividends Policy and Distribution

and Board Recommendations and

Compensation

 

Conclusion

 

Financial Consolidated

Statements

A brief overview of stc Group The performance, activities, and
nvestments of stc Group and
its subsidiaries during the year 2022 Risks management and transactions
with related parties Board of Directors and Committees Dividends Policy and
Distribution and Board
Recommendations and Compensation Conclusion Financial Consolidated
Statements
Dividends

Distribution of

Dividends

stc announced the distribution of cash dividends amounting to SR 2,000 million to shareholders for Q4 2022, with SAR 0.40 per share. This is in accordance with the dividend distribution policy for three years approved by the Ordinary General Assembly held on 30-11-2021. In addition to the amendment to the dividend policy approved by the Extraordinary General Assembly held on 30-08-2022.

stc also distributed cash dividends amounting to SAR 2,000 million per quarter to shareholders for Q1, Q2 with SAR 1 per share, and Q3 2022 with SAR 0.40 per share.

In addition to, treasury shares allocated to the employee long-term incentives program are not entitled for any dividends during the period while the shares still under the stc's possession.

The following is a breakdown of the 2022 distributions:

Statement Total Distribution (SAR Million) Earnings per share (SAR) Date of announcement Due date Payment Date
Cash dividends for Q1 2022 2,000 1 28/04/2022 11/05/2022 31/05/2022
Cash dividends for Q2 2022 2,000 1 03/08/2022 07/08/2022 25/08/2022
Cash dividends for Q3 2022 2,000 0.40* 27/10/2022 02/11/2022 22/11/2022
Cash dividends for Q4 2022 2,000 0.40* 20/02/2023 26/02/2023 16/03/2023
Total Distributions 8,000 2.80

* stc distributed SAR 0.40 per share for Q3 and Q4, in line with the capital increase.