Saudi Telecom To Raise Capital by $8 Billion In Bonus Shares
- STC shares jump on plan to grant bonus shares to investors
- Telecom’s firm has been expanding into new business lines
This article is for subscribers only.
Sign up for our Middle East newsletter and follow us @middleeast for news on the region.
Saudi Telecom Co., the most profitable mobile operator in the Middle East, will increase its capital by 30 billion riyals ($8 billion) through the issuance of bonus shares. The stock rose.