Riyadh – Mubasher: The board of Almunajem Foods Company has suggested a cash dividend distribution of SAR 2 per share for 2021.

The company would pay out cash dividends of SAR 120 million, representing 20% of the capital, for 60 million eligible shares, according to a bourse disclosure on Sunday.

The board’s proposal is subject to the approval of the ordinary general meeting (OGM).

In 2021, Almunajem Foods posted net profits after Zakat and tax worth SAR 166.10 million, an annual decrease of 27.68%, compared to SAR 229.70 million.