Sunday 25 August 2024

#Saudi Telecom Jumps Most Since 2008 After Dividend Boost - Bloomberg

Saudi Telecom Jumps Most Since 2008 After Dividend Boost - Bloomberg


Shares in Saudi Arabia’s top telecom company rose the most in almost 16 years after the company announced plans to boost quarterly dividends and said it may consider handing over more money to investors via special payments.

Saudi Telecom Co. jumped 9.9% on the Saudi stock exchange on Sunday to 43.70 riyals ($11.65) a share, its biggest move on a closing basis since October 2008.

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