SADAFCO board proposes half-year dividend of $0.8 per share 

Follow-ups -eshrag News:

Wed, 2022-05-25 16:40

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. 

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