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SADAFCO nods to SAR 81m dividends for H2-FY19/20

SADAFCO nods to SAR 81m dividends for H2-FY19/20
The dividends represent 25% of the share’s nominal value
SADAFCO
2270
0.07% 300.20 0.20

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 March 2020.

At SAR 2.5 per share, the dividends represent 25% of the share’s nominal value, according to a bourse statement on Wednesday.

Eligibility of dividends will be for shareholders at the end of the assembly’s meeting date and the registered shareholders in the register of the Securities Depository Center Company (Edaa) at the end of the second trading day following the maturity date.

The dividends distribution date will be announced in due course.