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.