FADECO shareholders authorize board to pay interim dividends for 2022

29/12/2022 Argaam

FADECO shareholders authorize board to pay interim dividends for 2022

Logo of Arabian Food & Dairy Factories Co.’s (FADECO)

Arabian Food & Dairy Factories Co.’s (FADECO) shareholders authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2022, during the ordinary general assembly meeting (OGM) held on Dec. 28, the company said in a statement to Tadawul. 

 

Shareholders also approved other agenda items. 

 

According to data compiled by Argaam, FADECO paid a 7.75% cash dividend, or SAR 0.78 per share, for Q2 2022.  

 

FADECO started trading on Nomu-Parallel Market in June.  

 

The company offered 282,000 ordinary shares to qualified investors in May 2022, representing 20% of its SAR 14.1 million capital. 

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