On 26th of January 2017, the Board of Directors has recommended distributing cash dividends of 10 fils among the shareholders representing 10 percent of the nominal share value for the year ended 2016 subject to the approval of the Ordinary General Assembly of the company.
Cash Dividends - Electronic Transfer Service
Kuwait Telecommunications Company (stc) has recently signed an agreement for Cash Dividends Transfer with Kuwait Clearing Company (KCC) in cooperation with the National Bank of Kuwait (NBK). This agreement will provide an electronic transfer service for the cash dividends to the Investors bank account without the need of receiving the dividends by cheque from Kuwait Clearing Company offices.
This service is available currently for the shareholders of Kuwait Telecommunications Company (stc) who they have bank account with the National Bank of Kuwait (NBK). Therefore, all shareholders who look to benefit from this service are kindly requested to fill the form of KCC Electronic Transfer Service Application and then submit it to dedicated branches of NBK.
Therefore, shareholders who wish to receive their cash dividends through the online transfer are kindly invited to visit one of stc branches to fill-in the online payment subscription form regarding receiving the cash dividends and/or trading. Thus, the shareholder is informed to visit one of NBK branches assigned to stc shareholders who are NBK clients only (Saad Alabullah Branch – Al Qurain Branch – Al Raya Branch) within the official working hours (from 08:30 AM to 03:00 PM).
You can download the form of KCC Electronic Transfer Service Application by clicking on the below link, fill-in the same and submit it to NBK for approval.
Download Electronic Transfer Service Application