FADECO Board of Directors Approves SAR 2.11 Million Cash Dividend for H2 2023

Arabian Food and Dairy Factories Co. (FADECO) announced on Thursday that its board of directors has approved the distribution of cash dividends for the second half of 2023. The total amount allocated for distribution is SAR 2.11 million, corresponding to SAR 1.5 per share, representing a distribution ratio of 15.5% of the nominal share value.
According to the company’s statement, the dividend will be payable on August 8 to shareholders holding 1.41 million eligible shares.
FADECO’s decision reflects its commitment to rewarding shareholders while maintaining a sustainable dividend policy amidst market conditions.