Nofoth sets minimum dividends of SAR 0.20–0.24 per share for 2026–28.
Nofoth Food Products Co.’s board approved an interim dividend policy for 2026–2028, setting minimum annual payouts of SAR 0.20 per share in 2026, SAR 0.22 in 2027, and SAR 0.24 in 2028, the company said in a statement to Tadawul.
Dividends will be distributed quarterly, subject to financial performance, available cash flows, and regulatory requirements.
The board retains the right to suspend or defer distributions, in whole or in part, in the event of material developments affecting the company’s operations, market conditions, or financial and regulatory position, Nofoth said.
The company added that the policy supports its strategy to deliver sustainable shareholder returns while maintaining a strong financial position and funding future growth. It also confirmed that the policy will not affect its expansion plans.
The policy will be submitted for approval at the next general assembly meeting, with the date to be announced.
The following table shows Nofoth’s historical dividend distributions during the past years:
|
Nofoth Dividend Since 2022 |
|||
|
Period |
EPS (SAR) |
Dividend/share (SAR)* |
Dividend Payout Ratio |
|
2024 |
0.54 |
0.12 |
22 % |
|
2023 |
0.44 |
0.10 |
22 % |
|
2022 |
0.33 |
0.05 |
15 % |
*Capital adjustments and bonus share distributions taken into account.
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