The regional telecom giant stc announces the board recommendation to distribute 150% stock dividend to its shareholders
stc’s board of directors announced its recommendation to the general assembly to increase the company’s capital by 150% through granting bonus shares, by capitalizing SAR 30 billion from retained earnings, bringing stc’s capital from SAR 20 billion (2 billion shares) to 50 billion riyals Saudi (5 billion shares), where (1.5) shares will be granted for