Riyadh – Mubasher: Saudia Dairy and Foodstuff Co's (Sadafco) board recommended the distribution of cash dividends for fiscal year 2016/2017.
The company would pay dividends of SAR 4 per share, totalling SAR 130 million and representing 40% of the nominal value, according to a bourse filing on Thursday.
The eligibility of dividends will be for the shareholders registered in the Depository Center Company at the end of following day of trades after the general assembly’s meeting.
The date of distribution will be determined after obtaining the approvals of the general assembly, the statement said.
Sadafco’s fiscal year ends 31 March of every year.
Profits rose 15.7% to SAR 301.77 million in the twelve months of FY16/17 ended 31 March 2017, compared to SAR 260.83 million in the year-ago period.
