Tanmiah GA Approves Cash Dividend Distribution for 2024 at SAR 2.24 per Share

Tanmiah Food Co. announced on Monday that its Ordinary General Assembly (First Meeting) approved the Board of Directors’ recommendation to distribute cash dividends amounting to SAR 44.8 million to shareholders for the financial period ending December 31, 2024, at SAR 2.24 per share, representing a profit per share of 22.4% of the share nominal value.

According to the Company, the eligibility will be for shareholders who own shares at the end of trading on the day of the General Assembly and are registered in the Company’s shareholder register at the Securities Depository Center Company (Edaa) at the end of the second trading day following the due date. Dividend distribution will begin on Monday, June 30, 2025.

The appointment of Deloitte and Touche & Co. Chartered Accountants and Auditors, was also approved to review, audit and examine the financial statements for the second and third quarters of fiscal year 2025, the annual financial statements for 2025, and the first quarter of fiscal year 2026, for a fee of SAR 1,619,000.

The approval of the transactions and contracts to be concluded between the Company and Dukkan LTD, in which two members of the Board of Directors have an indirect interest, namely Mr. Amr Al-Dabbagh (Chairman of the Board of Directors) and Mr. Jamal Al Dabbagh (Vice Chairman of the Board of Directors), in their personal capacity, was also approved. These transactions are an open-ended contract for the sale of goods, without preferential terms, with each of them owning 20%. The transactions and contracts in 2024 amounted to sixteen million, seven hundred forty thousand, eight hundred twenty-nine (SAR 16,740,829).