stc Group announces $731 million Q3 dividend after nine-month profit growth
Saudi telecom operator reports operating profit of $3.01 billion for nine months ended September 30, up 4.1 percent year on year.
stc Group announced on October 28, 2026 a third-quarter dividend of SAR 0.55 per share, bringing total shareholder distributions for the first nine months of 2026 to SAR 8.2 billion. The dividend aligns with the policy approved by the General Assembly and follows nine-month operating profit growth of 4.1 percent year on year to SAR 11.282 billion, or $3.01 billion, for the period ended September 30, 2026.
Nine-month revenue and profit figures#
Revenue for the nine months increased 3.7 percent year on year to SAR 60.096 billion, while gross profit rose 5.2 percent to SAR 29.362 billion. Earnings before interest, taxes, zakat, depreciation and amortization climbed 3.5 percent to SAR 19.15 billion during the period. Net profit reached SAR 10.918 billion for the nine months, representing growth of 2.6 percent after excluding non-recurring items in both current and prior-year periods, according to the filing published on Tadawul.
Subscriber base and infrastructure expansion#
Mobile subscriptions in Saudi Arabia increased 4.8 percent year on year to 30.6 million as of September 30, 2026, while fixed-line subscriptions rose 4.0 percent to 6.2 million. The number of homes connected to the fiber network grew 7.0 percent during the period. Commercial unit revenue increased 2.0 percent, Carriers and Wholesale unit revenue rose 5.1 percent, and subsidiaries' revenue grew 9.0 percent for the nine months, with third-quarter subsidiary revenue growth accelerating to 18.5 percent year on year.
Third-quarter performance and total distributions#
Combined with prior quarterly distributions, total dividends paid to shareholders for the first nine months of 2026 reached SAR 8.2 billion. The company disclosed its interim financial results for the period ended September 30, 2026 in a filing to the Saudi stock exchange on October 28, 2026.
Sources2 sources across 2 domains
- economymiddleeast.comEconomy Middle EastNine-month operating profit of SAR 11.282 billion, revenue of SAR 60.096 billion, Q3 dividend of SAR 0.55 per share, subscriber figures and segment revenue growth
- forbesmiddleeast.comForbes Middle EastQ3 dividend of SAR 0.6 per share equivalent to $0.15, filing on Tadawul
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