Tanmiah agrees to distribute SAR 38 million in cash dividends for 2023

The Board of Directors of Tanmiah Food Company is pleased to announce the results of the Ordinary General Assembly Meeting (First Meeting), which included the approval of the distribution of dividends to shareholders with a total amount of (38) million Saudi Riyals for the fiscal year ending on December 31, 2023, with (SAR 1.9).

The Company said that the dividend per share will be (19% Share Par Value) as the percentage of dividend, provided that the dividends eligibility is for the shareholders who own the Company’s shares at the end of the trading day on the day of the general assembly and registered in the Company’s register at the Securities Depository Center Company (Edaa) by the end of the second trading day following the eligibility date. The distribution date will be July 4, 2024.

Tanmiah Food Company to Distribute SAR 38 Million in Cash Dividends for 2023

The Board of Directors of Tanmiah Food Company has announced the outcomes of the Ordinary General Assembly Meeting (First Meeting), wherein they approved the distribution of dividends to shareholders totaling SAR 38 million for the fiscal year ending on December 31, 2023, with a dividend per share of SAR 1.9.

The Company clarified that the dividend per share amounts to 19% of the share par value. Shareholders eligible for dividends are those who own the Company’s shares at the end of the trading day on the day of the general assembly and are registered in the Company’s register at the Securities Depository Center Company (Edaa) by the conclusion of the second trading day following the eligibility date. The distribution date is set for July 4, 2024.

Voting Results:

1. Approved on the Board of Directors report for the fiscal year ending on 31-12-2023.

2. Approved the Company’s Auditor’s Report for the fiscal year ending on 31/12/2023.

3. Approved on the financial statements for the fiscal year ending on 31-12-2023.

4. Approved on agreeing to absolve the members of the Board of Directors from liability for the fiscal year ending on 31/12/2023.

5. Approved on disbursing the amount of (2,151,000 SAR) as remuneration for the board of directors for the fiscal year ending on 31/12/2023.

6. Approved on appointing of Deloitte and Touche & Co. Chartered Accountants as the Company’s Auditor to examine, review, and audit the financial statements for Q2, Q3 annual statements for the fiscal year 2024 and Q1 of the year 2025, with fees amounting to SAR 1,748,000.

7. Approved on delegating the Board of Directors by the Extraordinary Assembly of its authorization power referred to in Paragraph (1) of Article (27) of the Companies Law, for a year from the date of the Extraordinary General Assembly’s approval to the delegation or until the end of the current term of the Board of Directors, whichever is earlier. Such delegation shall be in accordance with the requirements stipulated in the implementing regulations of the companies’ law for listed joint stock companies.