Equity Analysis /
Saudi Arabia

STC: Bonus issue, a positive stock momentum

  • STC BoD recommended to increase its capital 150% to SAR50bn

  • The higher equity capital should help the company in strengthening its balance sheet

  • We expect the bonus issue to increase the liquidity in the stock and create positive momentum

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Head of Equity Research

SNB Capital
14 June 2022
Published bySNB Capital


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