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SADAFCO authorises board to distribute interim dividends on shareholders

SADAFCO authorises board to distribute interim dividends on shareholders
SADAFCO authorises board to distribute interim dividends on shareholders
SADAFCO
2270
28.91% 387.00 86.80

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company’s (SADAFCO) ordinary general meeting (OGM) approved on Monday, 20 November, authorising the board of directors to distribute interim cash dividends on the shareholders for the fiscal year 2017/2018.

The board was also authorised to specify eligibility and payment dates of the dividends subject to the regulatory procedures which are issued by the Saudi Capital Market Authority (CMA), according to SADAFCO’s statement on Tuesday to the Saudi Stock Exchange (Tadawul).

The company’s fiscal year ends by March of each year.

SADAFCO’s stock levelled up 2.88% to reach SAR 125.20 on Monday.