SADAFCO shareholders approve 25% dividend for H2 ended March 31, 2020

Saudia Dairy and Foodstuff Co.’s (SADAFCO) shareholders approved a 25% cash dividend for the second half of fiscal year 2019-20 ended March 31, 2020, at SAR 2.5 per share, amounting to SAR 81.25 million, during the extraordinary general meeting (EGM) held on June 16.

Dividend Details (H2 of FY2019-20)
Current Capital	SAR 325 mln
Number of shares	32.5 mln
Dividend	SAR 81.25 mln
Percentage of capital	25% (SAR 2.5 per share)
Record date	June 16, 2020 (Including registered shareholders at the Securities Depository Center (Edaa) at the end of second trading day following due date)
Payment date	To be determined

Total dividend distributed for FY ending March 31, 2020
Total capital	SAR 162.5 mln
Ratio of capital	50% (equivalent to SAR 5 per unit)

In addition, shareholders approved authorizing the board to pay interim dividend for the fiscal year ended March 31, 2020, on a quarterly or semi-annual basis.

The maturity and disbursement date will be determined according to the laws and regulations in line with the Companies Law and as per the company’s financial position, cash flow, investment and expansion plans, the company said in a statement to Tadawul.

Furthermore, they approved the paid dividend for the first half of the fiscal year ending March 31, 2020, of SAR 81.25 million, which represent 25% of the nominal value per share.

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Valuation Data (Latest Share Price)

P/E (TTM)	23.85
P/E Before Unusual Items (TTM)	24.06
P/BV	6.88
Dividend Yield	3.53 %
Market Cap. (M)	11,823.50
Return on Average Assets	18.73 %
Return on Average Equity	28.16 %

SADAFCO shareholders approve 25% dividend for H2 ended March 31, 2020

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