Riyadh – Mubasher: Herfy Food Services Co on Wednesday announced that the company’s shareholders had approved distributing a cash dividend of SAR 1.1 per share for the second half of 2018 during an ordinary general meeting (OGM) held the previous day.

Dividends will be distributed on 13 May for the shareholders registered at the end of the second trading day following the OGM date, the company said in a statement to the Saudi Stock Exchange (Tadawul).

During the fourth quarter of 2018, the food provider’s profits grew 9.47% year-on-year to SAR 52.43 million, logging SAR 204.17 million for the full-year 2018.

In April 2018, the company’s OGM approved distributing a cash dividend of SAR 1.1 a share for the second half of 2017.