Saudia Dairy and Foodstuff Co (2270)

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News

16 September 2024 00:56 PM SADAFCO to distribute 60% of capital as cash dividends for H1-24

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) announced the board’s decision to pay cash dividends worth SAR 199.91 million, equivalent to 60% of the capital, for the first half (H1) of 2024. SADAFCO will distribute a dividend …

Cash Dividends

1 April 2024 06:35 PM SADAFCO names new Chairman, Vice Chairman

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) has appointed Sheikh Hamad Sabah Al Ahmad Al Sabah as the new Chairman of the board. The company also announced the appointment of Saied Ahmed Saied Basamh as the Vice Chairman, …

Board of Directors

25 March 2024 06:35 PM SADAFCO unveils financial results after changing fiscal year

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) has revealed its financial results for the period ended on 31 December 2023 after it had changed the fiscal year (FY) to be from January to December each year, instead of April to …

Management Decisions

2 November 2023 03:08 PM SADAFCO posts 55% YoY rise in H1-23/24 net profit

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) achieved net profits after Zakat and tax of SAR 220.45 million in the first half (H1) of fiscal year (FY) 2023/2024. Therefore, the net profits in the six months (6M) that ended on …

Financial Results

20 June 2023 00:43 PM SADAFCO mulls 30% of capital as dividends for H2-22/23

Riyadh – Mubasher: The board of Saudia Dairy and Foodstuff Company (SADAFCO) recommended cash dividends amounting to SAR 95.99 million, equivalent to 30% of its capital, for the second half (H2) of fiscal year (FY) 2022/2023. SADAFCO will grant a …

Cash Dividends

11 June 2023 09:57 AM Saudi SADAFCO expands footprint in Oman with new deal

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) inked a sales and export agreement for its products in Oman, according to a bourse filing. The deal aligns with the company's expansion plans to widen its footprint within and outside …

Companies Investments

4 January 2023 00:25 PM SADAFCO’s board recommends SAR 96m dividends for H1-22/23

Riyadh – Mubasher: The board of Saudia Dairy and Foodstuff Company (SADAFCO) proposed cash dividends worth SAR 95.99 million for the first half (H1) of fiscal year (FY) 2022/2023. SADAFCO would disburse SAR 3 per share, representing 30% of the …

Central Banks

3 January 2023 05:21 PM Wafrah inks nearly SAR 12m contract with SADAFCO

Riyadh - Mubasher: Wafrah for Industry and Development Company penned a SAR 11.84 million deal with Saudia Dairy and Foodstuff Company (SADAFCO) on 2 January 2023, according to a bourse filling. Wafrah will manufacture and pack frozen French fries …

Companies Investments

25 May 2022 04:26 PM SADAFCO's board proposes 30% dividend distribution

Riyadh – Mubasher: The board of Saudia Dairy and Foodstuff Company (SADAFCO) has recommended a cash dividend distribution, equivalent to 30% of the capital, for the second half (H2) of the fiscal year ended on 31 March. The cash dividend payout …

Board of Directors

23 January 2022 00:23 PM SADAFCO posts lower profits at SAR 146m in 9M-21/22 initial results

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) registered net profits after Zakat and tax worth SAR 146.27 million during the first nine months (9M) of fiscal year (FY) 2021/2022, according to the preliminary financial statements …

Financial Results

4 January 2022 04:29 PM SADAFCO's board proposes 30% dividends for H1

Riyadh – Mubasher: The board of Saudia Dairy and Foodstuff Company (SADAFCO) has recommended a cash dividend distribution, equivalent to 30% of the capital, for the April-September period in the fiscal year (FY) ending 31 March 2022. The cash …

Board of Directors

21 October 2021 00:23 PM SADAFCO logs lower profits at SAR 54m in Q2-21/22

 Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) recorded net profits after Zakat and tax worth SAR 53.7 million in the second quarter (Q2) of fiscal year (FY) 2021/2022. This marked a decline of 23.5% from SAR 70.26 million in …

Financial Results

17 October 2021 05:52 PM SADAFCO plans to buy back 8.5% of shares

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) intends to buy back up to 8.46% of its own shares over the coming 12 months, according to a bourse filing on Sunday. SADAFCO intends a buyback of up to 2.74 million shares, noting …

Management Decisions

14 October 2021 00:57 PM SADAFCO appoints new CEO

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) has announced the retirement of Waltherus Matthij as the company's CEO and the appointment of Patrick Stillhart as the new CEO as of 1 November 2021. With over 23-year experience …

Management Decisions

29 July 2021 11:29 AM SADAFCO’s profits decrease 46% in Q1-21/22

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) recorded net profits after Zakat and tax worth SAR 37.99 million during the first quarter (Q1) that ended on 30 June 2021, lower by 46% than SAR 70.53 million in the same period a …

Financial Results

13 July 2021 01:06 PM SADAFCO’s shareholders nod to SAR 96m dividends

Riyadh – Mubasher: The shareholders of Saudia Dairy and Foodstuff Company (SADAFCO) approved the board’s recommendation to distribute SAR 3 per share, representing 30% of the nominal share value, as a cash dividend for the fiscal year (FY) ended …

General Assembly

13 June 2021 04:40 PM SADAFCO’s board proposes SAR 96m dividends for FY20/21

Riyadh – Mubasher: The board of Saudia Dairy and Foodstuff Company (SADAFCO) recommended dividends’ distribution worth a total of SAR 95.99 million for fiscal year (FY) 2020/2021, according to a bourse disclosure on Sunday. SADAFCO plans to pay a …

Board of Directors

10 May 2021 01:50 PM SADAFCO records SAR 261m net profits in full year

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) achieved a net profit after Zakat and tax worth SAR 260.89 million during the year ended on 31 March 2021. The net income was 1.59% lower than SAR 265.11 million in the prior year, …

Financial Results

21 January 2021 09:18 AM SADAFCO sees 5.7% lower profits in Q3

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company’s (SADAFCO) net profit for the third quarter (Q3) ended on 31 December 2020 reached SAR 64.2 million, down by 5.7% when compared to SAR 68.1 million in the same period in 2019. The decline in …

Financial Results

5 January 2021 09:16 AM SADAFCO to pay SAR 96m dividends for 6M

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company’s (SADAFCO) board decided to distribute SAR 95.999 million in interim cash dividends to shareholders for the six-month period ended on 30 September 2020. The amount is equivalent to SAR 3 per …

Board of Directors

19 November 2020 10:25 AM SADAFCO EGM approves buying back 2.7m treasury shares

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudia Dairy and Foodstuff Company (SADAFCO) approved to purchase up to 2.749 million company shares to be used as treasury shares. The step comes as the board of directors believes …

Management Decisions

20 October 2020 09:32 AM SADAFCO posts 8% higher profits in Q2

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company’s (SADAFCO) net profits rose by 7.9% yearly in the second quarter (Q2) of 2020 to reach SAR 70.3 million from SAR 65.1 million in the year-ago quarter. The growth in Q2-20 earnings was driven …

Financial Results

27 July 2020 10:17 AM SADAFCO inks MoU for majority stake in Horizon Food Factory

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) has signed a non-binding Memorandum of Understanding (MoU) to purchase a controlling stake in Horizon Food Factory Co. from Tabuk Agricultural Development Company. The deal is subject …

Mergers and Acquisitions

26 July 2020 10:17 AM SADAFCO Q1 profits increase by 22%

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) posted a 21.8% annual increase in net profits during the first quarter (Q1) of 2020 to SAR 70.53 million, compared to SAR 57.90 million in Q1-19. Revenue soared by 16.64% year-on-year …

Financial Results

17 June 2020 11:54 AM SADAFCO nods to SAR 81m dividends for H2-FY19/20

Riyadh – Mubasher: The extraordinary general assembly meeting of the Saudia Dairy and Foodstuff Company (SADAFCO) approved the proposed cash dividends of SAR 81.25 million to shareholders for the second half (H2) of fiscal year (FY) ending on 31 …

Management Decisions