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RIYADH: Saudia Dairy and Foodstuff Co.’s, or SADAFCO’s, board has recommended a dividend payout of SR3 per ($0.8) share, 30 percent of capital, for the second half of the fiscal year ended March 31, 2022.
A total of SR96 million will be allocated to dividend payouts, with around 32 million shares eligible, the company said in a bourse filing.
From the same period last year to this one, the dairy firm hasn’t changed its payout.
This was despite SADAFCO reporting a 20 percent drop in profit to SR207.3 million for the fiscal year ended on March 31, 2022, and compared to SR260.6 million in the year-earlier period.
SADAFCO, based in Jeddah, operates sales and distribution centers in 24 locations across Saudi Arabia, Bahrain, Qatar, Jordan, and Kuwait.
Saudi dairy firm SADAFCO reports 20% fall in profit to $56m SADAFCO expands operations to become the largest dairy output facility in the Middle East
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