DUBAI: Saudi Telecom<\/a> said on Sunday its board had proposed increasing the company's share capital by 30 billion riyals ($8 billion), or 150%, driving the share price nearly 10% higher.
The Riyadh-listed company had earlier announced the proposed capital increase would involve issuing 30 billion new shares, with shareholders offered 1.5 new shares for each share owned.
That sent shares up as much as 9.8% to 110.2 riyals in early trade before retreating slightly to 107 riyals, up 6.6% from the start of trade on Sunday, according to Refinitiv data.
\"This increase will undoubtedly lead to enhancing the liquidity in the company's shares and make them more accessible to wider group of investors,\" chairman of the board of directors Prince Mohammad bin Khalid Al-Abdullah Al-Faisal said.
In a statement, he said the company's so-called \"dare\" strategy is based on four main pillars: expanding in scale and scope, enriching the customer experience, enabling digital transformation, and accelerating monetisation of its assets.
Last year STC listed its unit Arabian Internet and Communications Services Co, raising $966.35 million.
Saudi<\/a> Telecom said in statement the capital increase through retained earnings would support growth and expansion plans.
The company, in which Saudi Arabia<\/a>'s government holds a 64% stake through sovereign wealth fund the Public Investment Fund, also said the board had proposed trimming the dividend<\/a> policy.
Under the proposal, the three-year dividend policy in place since the fourth quarter of 2021 would be cut from a 1 riyal ($0.26) payment per share per quarter to 0.40 riyal.
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沙特电信股价上升8美元左右增资的建议
,多达9.8%至110.2里亚尔股价在早盘交易小幅回落至107里亚尔,周日开始的贸易增长6.6%,据Refinitiv数据。
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亚历山大·康威尔
迪拜:沙特电信周日表示,其董事会的提议增加公司的股本300亿里亚尔(80亿美元),或150%,推动股价上涨近10%。
Riyadh-listed公司早前宣布该增资将涉及发行300亿股新股,现有股东以1.5股每股所有。
,多达9.8%至110.2里亚尔股价在早盘交易小幅回落至107里亚尔,周日开始的贸易增长6.6%,据Refinitiv数据。
“这无疑会增加导致该公司股票的流动性提高,使他们更容易获取广泛的投资者,“董事会主席穆罕默德。本。哈立德王子阿卜杜拉·萨尔说。
在一份声明中,他表示,该公司的所谓“敢”战略是基于四大支柱:扩大规模和范围,丰富客户体验,使数字转换,加速其资产货币化。
去年STC其单位阿拉伯互联网和通信服务有限公司上市募集9.6635亿美元。
沙特电信在声明中表示通过留存收益增加资本金将支持经济增长和扩张计划。
的公司沙特阿拉伯的政府持有64%的股份通过公共投资基金,主权财富基金也说,该委员会提出了削减股息政策。
提议下,三年分红政策自2021年第四季度将会从1里亚尔(0.26美元)每季度支付每股0.40里亚尔。
迪拜:沙特电信周日表示,其董事会的提议增加公司的股本300亿里亚尔(80亿美元),或150%,推动股价上涨近10%。
Riyadh-listed公司早前宣布该增资将涉及发行300亿股新股,现有股东以1.5股每股所有。
,多达9.8%至110.2里亚尔股价在早盘交易小幅回落至107里亚尔,周日开始的贸易增长6.6%,据Refinitiv数据。
“这无疑会增加导致该公司股票的流动性提高,使他们更容易获取广泛的投资者,“董事会主席穆罕默德。本。哈立德王子阿卜杜拉·萨尔说。
在一份声明中,他表示,该公司的所谓“敢”战略是基于四大支柱:扩大规模和范围,丰富客户体验,使数字转换,加速其资产货币化。
去年STC其单位阿拉伯互联网和通信服务有限公司上市募集9.6635亿美元。
沙特电信在声明中表示通过留存收益增加资本金将支持经济增长和扩张计划。
的公司沙特阿拉伯的政府持有64%的股份通过公共投资基金,主权财富基金也说,该委员会提出了削减股息政策。
提议下,三年分红政策自2021年第四季度将会从1里亚尔(0.26美元)每季度支付每股0.40里亚尔。
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