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Saudi Telecom shareholders approve dividend
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Saudi Telecom Co (STC) said on Saturday its shareholders approved dividends of 1.25 riyal ($0.333) per share for the fourth quarter of last year. This brings the total of dividends to 5 riyals per share for 2007, the company said in a statement on the bourse website, following a shareholders' meeting on Wednesday. STC recorded profit growth for the first time in six quarters and forecast that Turkish and South African business acquired through a $2.56 billion stake in Oger Telecom would boost recovery this year. (Reuters) |