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    7010   SA0007879543

SAUDI TELECOM COMPANY

(7010)
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Saudi Telecom Company Approves the Dividend Policy for the Next Three Years Starting from the fourth Quarter 2021

09/27/2021 | 07:25am EST

Saudi Telecom Company announced that the Board of Directors in their meeting held on September 27, 2021, has approved the company's dividend policy for the next three years starting from the fourth quarter 2021. The dividend policy as approved by the board of directors remains subject to the ratification in the next General Assembly Meeting which will be announced later. The objective of the dividend policy is to maintain a minimum level of dividend per share on quarterly basis. The dividend policy as follows: stc commits to pay SR 1 per share per quarter for the next three years. Further, the company will consider and pay additional dividend, subject to stc Board of Directors recommendation to the General Assembely, after the assessment of the Company's financial situation, future outlook and capital expenditure requirements. Additional dividends are likely to vary on quarterly basis depending on the company's performance. The dividends policy will remain subject to change based on the following: Any material changes in the strategy and business of the company (including the business environment it operates in); Laws and regulations that are applicable on the Company; and Any banking, other funding or credit rating covenants that the company may be bound to follow from time to time.


ę S&P Capital IQ 2021
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Analyst Recommendations on SAUDI TELECOM COMPANY
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Financials
Sales 2021 63 219 M 16 853 M 16 853 M
Net income 2021 11 713 M 3 122 M 3 122 M
Net cash 2021 5 918 M 1 577 M 1 577 M
P/E ratio 2021 18,6x
Yield 2021 4,20%
Capitalization 220 B 58 558 M 58 563 M
EV / Sales 2021 3,38x
EV / Sales 2022 3,25x
Nbr of Employees -
Free-Float 23,7%
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Technical analysis trends SAUDI TELECOM COMPANY
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Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 110,00 SAR
Average target price 124,31 SAR
Spread / Average Target 13,0%
EPS Revisions
Managers and Directors
Olayan Mohammed Al-Wetaid Chief Executive Officer
Ameen Fahad ben Abdulaziz Al-Shiddi Chief Financial Officer
Mohammed Khaled Al-Abdullah Al-Faisal Chairman
Haithem Mohammed Mujil Al-Faraj Senior Vice President-Technology & Operations
Abdulaziz Abdullah Al-Qatie Vice President-Investment Operations
Sector and Competitors