SADAFCO board recommends 30% dividend for H2 2020/21

13/06/2021 Argaam Exclusive

Saudia Dairy and Foodstuff Co.’s (SADAFCO) board of directors recommended a 30% cash dividend for the second half of fiscal year 2020-21 ended March 31, 2021, at SAR 3 share, amounting to SAR 96 million.

Dividend Details (H2 2020-21)

Current Capital

SAR 325 mln

Number of shares*

32.5 mln

Dividend

SAR 96 mln

Percentage of capital

30% (SAR 3 per share)

Record date

Shareholders registered at the end of the second trading session following this date at the Securities Depository Center. The date of the general assembly meeting will be fixed after the approval of the concerned authorities.

Payment date

To be determined

Dividend Details (2020-21)

Dividend

SAR 192 mln

Percentage of capital

60% (SAR 6 per share)

* Shares eligible for dividend are 31.99 million

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344.20
(4.80) (1.38 %)

Valuation Data (Latest Share Price)

P/E (TTM) 22.57
P/E Before Unusual Items (TTM) 22.77
P/BV 6.51
Dividend Yield 3.53 %
Market Cap. (M) 11,186.50
Return on Average Assets 18.73 %
Return on Average Equity 28.16 %

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