SADAFCO shareholders to vote on 40% dividend on May 24

10/05/2017 Argaam

Saudia Dairy & Foodstuff Co.’s (SADAFCO) shareholders will vote on a board proposal to pay 40 percent cash dividend (SAR 4 per share), amounting to SAR 130 million, for fiscal year 2016-2017 at its general assembly meeting on May 24.

 

Shareholders will also decide whether to pay SAR 2.8 million in bonuses to board members for the same fiscal year, the company said in a statement to Tadawul on Wednesday.

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