Almarai approves 8% dividend for FY 2018

Almarai Co.’s shareholders have approved a board recommendation to distribute an 8.5 percent cash dividend for the fiscal year of 2018, during the general assembly meeting held on April 7, 2019.

Shareholders have also approved the buyback of 10 percent of the company’s shares, to be allocated under the employee stock option program, the company said in a bourse filing.

The buyback, which will be financed from internal resources, will be carried out within 12 months of the meeting date on one or several stages.