| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by Saudi Telecom Company (stc) on the Saudi Exchange dated 28-11-2024 regarding its receiving the foreign investment authorization from the Spanish Council of Ministers, allowing stc to increase its voting rights from 4.97% to 9.97% and the right to appoint a board member in Telefonica. stc announces on 06-2-2025, that following the completion of all relevant requirements, stc has increased its voting rights from 4.97% to 9.97% in Telefonica. |
| Previous Announcement | Saudi Telecom Company (stc) announces the latest development regarding its acquisition of 9.9% interest in Telefonica S.A. (Telefonica). |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-11-28 Corresponding to 1446-05-26 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Following the completion of all relevant requirements, stc has increased its voting rights from 4.97% to 9.97% in Telefonica. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
