Riyadh – Mubasher: Saudi Dairy and Foodstuff Co. (Sadafco) said its board has recommended a cash dividend to shareholders amounting to SAR 4 per share and totalling SAR 130 million for FY15-16.
The recommended dividends represent 40% of capital, according to a bourse filing on Monday.
Sadafco recently posted a net profit of SAR 79.9 million ($21.3 million) in the fourth quarter of its current fiscal year, a surge of 172% from SAR 99.4 million ($7.8 million) achieved in the same period the year before.
The board recommended a cash dividend of SAR 3.5 per share, totalling SAR 113.75 million for FY14-15.
