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Nomu-listed Arabian Food & Dairy Factories Co. (FADECO) announced that its board of directors approved increasing Q2 2022 cash dividend by SAR 7,800 from SAR 1.092 million (SAR 0.775 a share) to almost SAR 1.1 million (SAR 0.78 a share).

 

In a bourse statement, the company added that the decision will not affect the record date that is scheduled for Sept. 8, or the payment date.

 

Cash Dividend Details

Current Capital

SAR 14.10 mln

Number of Shares

1.41 mln

Total Dividend

SAR 1.1 mln

Percentage of Capital

7.8% (SAR 0.78 a share)

Record Date

Sept. 8, 2022 (Shareholders registered with Edaa on the second trading day after the record date)

Payment Date

Within 15 days of the record date
 
The board approved, on Aug. 30, the payment of a cash dividend at 7.75% of capital, or SAR 0.78 a share, for Q2 2022, according to data available with Argaam.
 

These dividends are the first paid by the company since listing on Nomu on June 12. 

 

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