SADAFCO recommends distributing 30% dividends cash for the first semester

Saudi Dairy and Food Company “SADAFCO” Announced Board of Directors Recommendation to Distribute Dividends in cash to shareholders for the first half of the company’s financial year which will end on March 31, 2022, for a total of approximately 95.99 million riyals, for a number of shares entitled to dividends of approximately 31.99 million shares.

SADAFCO stated in a statement to Saudi Tadawul today, Tuesday, that the distribution quota is 3 riyals per share, with a distribution ratio of 30% to the nominal value of the share.

Eligibility for earnings will be for shareholders of the company who own shares as of the maturity date, Thursday 6 January 2022, and are registered with the Company Securities Depository Center “The Depository Center” at the end of the second trading day following the expiration date.

The release date will be January 25, 2022.

In terms of commercial results for the first half ended September 30, 2021, SADAFCO’s net profit after zakat and taxes decreased by 34.86% to 91.7 million riyals, compared to 140.79 million riyals in the same. period of the previous fiscal year.

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