Foods Gate shareholders approve 10% dividend for 2023

20/05/2024 Argaam
Logo ofFoods Gate Trading Co.

Logo of Foods Gate Trading Co.

Foods Gate Trading Co.’s shareholders approved the board’s recommendation to pay a cash dividend at SAR 1 per share, or 10% of the capital, for 2023, during the ordinary general meeting (OGM) held on May 19, according to a statement to Tadawul.

 

Cash Dividend Details

Current Capital

SAR 21 mln

Number of Shares

2.1 mln

Total Dividend

SAR 2.1 mln

Percentage of Capital

10% ( SAR 1 a share)

Record Date

May 19, 2024, Shareholders of record and those registered with Edaa on the second day following the record date.

Payment Date

June 3, 2024
 

Shareholders further approved all the agenda items, the statement added.

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