Riyadh – Mubasher: The board of Saudia Dairy and Foodstuff Company (Sadafco) has recommended the distribution of SAR 65 million in cash dividends for the year 2018.
The company will distribute SAR 2 per-share dividends, which make up 20% of its capital, according to a bourse statement released on Thursday.
In April, Sadafco reported a 17% year-on-year decrease in net profits for in the fiscal year ended 31 March.
Sadafco’s profits reached SAR 216.11 million in the 12-month period ended last March, compared to SAR 260.2 million a year ago.
