The Board of Directors of Saudi Almarai Company has recommended distributing cash dividends amounting to one billion riyals to the company's shareholders for the fiscal year 2020.
According to Arabnet, the company said in a statement that the share of the profits is one riyal, and the ratio of distribution to the share value is 10%.
and explained that the profits will be paid to the shareholders of the company registered with a deposit center at the end of the second trading day of the day of the company's general assembly.
Almarai's profits rose by 7% to 621 million riyals in the third quarter, compared to 581 million riyals in the same quarter of last year.
During the 9-month period, Almarai's profits rose to 1.6 billion riyals by 10%, compared to 1.5 billion riyals in the same period last year.
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The net income attributable to the company's shareholders for the third quarter of 2020 compared to the same quarter of the previous year increased by 6.9%.
