The Board of Directors of Saudia Dairy and Foodstuff Company (SADAFCO) have decided on 26 January 2014 to place a SR 75 Million Murabaha Deposit with United Gulf Bank in the Kingdom of Bahrain (A related party) to maximize the return on its excess cash generated from its operational activities. The deposit will be placed on January 27/01/2014 and mature on 25/03/2014 at a return of 3% per annum. The Murabaha deposit will be placed on the agenda of the next Annual General Assembly meeting for review, to be determined and announced at a later date.
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