RIYADH: Solutions by stc, also known as the Arabian Internet and Communications Services Co., will distribute SR475 million ($127 million) as cash dividends, representing 40 percent of the share price, for the year 2021.
In an extraordinary general assembly meeting held on May 29, the company accepted the board of directors’ recommendation to pay cash dividends of SR4 per share for 2021, according to a bourse filing.
The Saudi-listed firm has recently reported a 38 percent increase in quarterly profits to SR283 million.
