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Almarai approves SAR 0.85/shr dividends for 2019

Almarai approves SAR 0.85/shr dividends for 2019
The dividends will be paid as of Sunday, 13 April 2020
ALMARAI
2280
-1.25% 55.20 -0.70

Riyadh – Mubasher: Almarai Company’s extraordinary general meeting (OGM) approved cash dividends worth SAR 850 million or 85 halalas per share to shareholders for the fiscal year (FY) 2019.

Shareholders entitled to dividends include those owning shares on the EGM date and those registered on records at the end of the second day following the entitlement date, according to a stock exchange statement on Monday. 

The dividends will be paid as of Sunday, 13 April 2020, via the Saudi British Bank (SABB).

In addition, the EGM approved the consolidated financial statements for 2019 and discharged the board of liability.

In 2019, Almarai registered a 9.95% decline in net profits after zakat and tax to a total of SAR 1.811 billion in 2019, compared with SAR 2.012 billion in 2018.

During the first quarter (Q1) of 2020, the company reported a 14% increase in net profits after zakat and tax to SAR 383 million, compared to SAR 336 million in the same period of 2019.