RIYADH: Saudi meals big Almarai Co.’s board of administrators has really useful a ten % money dividend for 2021, at SR1 ($0.27) per share.
This quantities to SR1 billion ($266.5 million), based on a bourse submitting on Wednesday.
The really useful money dividend matched the payout of the prior fiscal 12 months, at SR1 per share.
The fee date will likely be decided after acquiring the upcoming common assembly’s approval on the advice, the corporate mentioned in an announcement.
Dividends will likely be paid to the shareholders who’re registered on Tadawul on the finish of the second buying and selling day following the Normal Meeting Assembly.
Almarai’s share value was down barely by 0.1 % to SR48.2 within the prior buying and selling session.
The inventory traded between an intraday excessive of SR48.5 and an intraday low of SR47.95 with round 2.2 million shares traded in the course of the day.
By way of profitability, the corporate noticed a 23 % decline in web revenue for the nine-month interval ending Sept.30.
This was right down to SR1.277 billion, from SR1.648 billion within the corresponding interval final 12 months.
