Fadeco BOD decides to distribute SAR 1.7 mln in cash dividends for H1

Arabian Food and Dairy Factories Co. (FADECO) announced on Wednesday that the Board of Directors decided in its meeting held on September 20, 2023 to distribute 1.7 million riyals in cash dividends to shareholders for the first half, equivalent to 12.70% of the nominal value of the share.

The number of shares eligible for dividends reached 1.4 million shares, at 1.27 riyals per share, with the eligibility date being September 27 and those registered in the company’s shareholder register at the Depository Center at the end of the second trading day following the due date. Distribution will also be made within 15 working days from the due date.