Alamar EGM to vote on transferring SAR 21.7M to retained earnings on June 30

Logo of Alamar Food Co.

Shareholders of Alamar Food Co. will vote on transferring SAR 21.66 million from the statutory reserve as of Dec. 31, 2023, to retained earnings during the extraordinary general meeting (EGM) to be held on June 30.

They will also vote on authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2024, the company said in a statement on Tadawul.

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Alamar paid a 21% cash dividend for 2023, of which 5% was paid in Q1, 6% in Q2 and Q3 each, and 4% in Q4. Total dividends stood at SAR 53.06 million, or SAR 2.1 per share, Argaam earlier reported.