Logo of FADECO
Nomu-listed Arabian Food & Dairy Factories Co. (FADECO) announced that its board of directors approved increasing Q2 2022 cash dividend by SAR 7,800 from SAR 1.092 million (SAR 0.775 a share) to almost SAR 1.1 million (SAR 0.78 a share).
In a bourse statement, the company added that the decision will not affect the record date that is scheduled for Sept. 8, or the payment date.
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Cash Dividend Details |
|
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Current Capital |
SAR 14.10 mln |
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Number of Shares |
1.41 mln |
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Total Dividend |
SAR 1.1 mln |
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Percentage of Capital |
7.8% (SAR 0.78 a share) |
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Record Date |
Sept. 8, 2022 (Shareholders registered with Edaa on the second trading day after the record date) |
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Payment Date |
Within 15 days of the record date |
These dividends are the first paid by the company since listing on Nomu on June 12.
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