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SADAFCO's board proposes 30% dividend distribution

SADAFCO's board proposes 30% dividend distribution
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SADAFCO
2270
1.23% 197.60 2.40

Riyadh – Mubasher: The board of Saudia Dairy and Foodstuff Company (SADAFCO) has recommended a cash dividend distribution, equivalent to 30% of the capital, for the second half (H2) of the fiscal year ended on 31 March.

The cash dividend payout stands at SAR 3 per share, aggregating at a total value of SAR 95.99 million, according to a bourse filing on Wednesday.

It is noteworthy to mention that in the fiscal year (FY) ended on 31 March, the company's net profits after Zakat and tax declined by 19.87% year-on-year (YoY) to SAR 209.05 million, compared to SAR 260.89 million.