SADAFCO shareholders approve $26m half-year dividend

RIYADH: Saudia Dairy and Foodstuff Co.’s shareholders have approved the board proposal to distribute SR96 million ($26 million) in cash dividends for the second half of the fiscal year ended March 31, 2022.

Shareholders are set to receive SR3 for each share, the company said in a bourse filing

The dairy firm’s payout remained unchanged from the same period last year.

SADAFCO, based in Jeddah, operates sales and distribution centers in 24 locations across Saudi Arabia, Bahrain, Qatar, Jordan, and Kuwait.