Riyadh – Mubasher: The board of Saudia Dairy and Foodstuff Company (SADAFCO) has recommended the distribution of cash dividends to shareholders for the fiscal year (FY) ended 31 March 2020.
At SAR 2.5 per share, the proposed dividends stand at a total amount of SAR 81.25 million
Dividends represent 25% of the share’s par value, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Wednesday.
The distribution date will be announced later.
SADAFCO reported a 22.6% increase in net profit during FY19/20 to SAR 265.1 million.
