STC to distribute 635 million euro dividend

Saudi telecommunications operator STC will distribute a provisional dividend of 2,746.2 million Saudi riyals (approximately 634.9 million euros) to its shareholders on August 20, 2026. This payment, amounting to 0.55 riyals per share, follows a three-year shareholder return policy established in late 2024.

For the first half of 2026, STC reported a net profit of 7,319 million riyals (roughly 1,692.2 million euros), representing a 2.1% decrease compared to the 7,472 million riyals earned during the same period in 2025. However, the company's revenue grew by 3.8% year-on-year, reaching 40,110 million riyals (approximately 9,273.5 million euros) for the first six months of the year.

CEO Olayan bin Mohammed Alwetaid stated that the results demonstrate solid financial and operational performance. He noted that the company's progress reflects a resilient business model and a strong financial position, enabling the execution of long-term strategic priorities.