SADAFCO shareholders to vote on 30% cash dividend on July 12

Saudia Dairy and Foodstuff Co.'s (SADAFCO) shareholders will vote on the board of directors’ recommendation to distribute a 30% cash dividend, or SAR 3 per share, for the second half of the fiscal year ended March 31, 2021, in the upcoming extraordinary general meeting (EGM) scheduled for July 12.

The company’s financial statements, as well as board and auditors' reports for the fiscal year 2020/21 will be also discussed.

Additionally, shareholders will vote on approving SAR 2.8 million in board remuneration, appoint an external auditor, and discharge board members from liabilities for the previous fiscal year.

Shareholders will also vote on the transactions and agreements made with Al Buruj Cooperative Insurance Company (Saudi Arabia) and PKC Advisory.