AI Summary
Logo of Foods Gate Trading Co.
Foods Gate Trading Co.’s shareholders will vote on the board recommendation to pay a cash dividend at 10%, or SAR 1 a share, for 2024, during an extraordinary general assembly, set to be held on June 24, 2025, according to a statement to Tadawul.
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Dividend Details |
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Current Capital |
SAR 21 mln |
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Number of Shares |
2.1 mln |
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Total Dividend |
SAR 2.1 mln |
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Percentage of Dividend |
10% (SAR 1 a share) |
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Record Date |
June 24, 2025, to shareholders of record, and those registered with Edaa on the second trading day following the general meeting date. |
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Payment Date |
July 6, 2025 |
The company also said that other agenda items include voting on a 50% capital increase from SAR 21 million to SAR 31.5 million through a 1-for-2 bonus share issue.
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Capital Increase Details |
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Current Capital |
SAR 21 mln |
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Number of Shares |
2.1 mln |
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Nominal Value |
SAR 10/share |
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Percentage of Increase |
50% (1:2 bonus share issue) |
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Method |
Capitalizing SAR 10.5 mln from retained earnings |
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New Capital |
SAR 31.5 mln |
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New Number of Shares |
3.15 mln |
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Reason |
To fund operational projects and investment expansions to enhance the company’s ability to achieve its strategic objectives and raise the efficiency of its business to ensure sustainable growth and achieve added value for shareholders |
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Record Date |
June 24, 2025, to shareholders of record and those registered with Edaa on the second trading day following the record date |
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