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Sadafco’s board proposes SAR 65m dividends for 2018

Sadafco’s board proposes SAR 65m dividends for 2018
The company will distribute SAR 2 per-share dividends,
SADAFCO
2270
0.07% 300.20 0.20

Riyadh – Mubasher: The board of Saudia Dairy and Foodstuff Company (Sadafco) has recommended the distribution of SAR 65 million in cash dividends for the year 2018.

The company will distribute SAR 2 per-share dividends, which make up 20% of its capital, according to a bourse statement released on Thursday.

In April, Sadafco reported a 17% year-on-year decrease in net profits for in the fiscal year ended 31 March.

Sadafco’s profits reached SAR 216.11 million in the 12-month period ended last March, compared to SAR 260.2 million a year ago.