The Board of Directors of Al-Jouf Agricultural Development Company (JADCO) decided to distribute a cash dividend of 2.5% at 0.25 riyals per share, for the second half of the fiscal year 2020 AD.
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According to Arabiya Net, the company said in a statement that the total amount distributed was 7.5 million riyals, for 30 million shares.
and shareholders who own shares at the end of trading on January 27, 2021, and are registered in the company's shareholders register with the Securities Depository Center Company, are eligible to deposit at the end of the second trading day following the due date, The distribution date will be announced later.
and in another context; The Board approved a project to establish a factory for the production of french fries at a cost of 70 million riyals.
The company announced the start of construction of the French french fries production project in the first quarter of 2021, which is self-financing and from other funding sources.
The company said that the expected completion date for the project is the first quarter of 2023, and is expected to have a positive impact on its results after it is commercially launched in 2023.
The Al-Jouf Agricultural Company has turned to achieve a net profit after zakat and tax in the third quarter of this year of 7.65 million riyals, compared to net losses of about 6.43 million riyals in the quarter The third of 2019.
In the first nine months of this year, the net profit of Al-Jouf increased by 1965.5% to reach 26.07 million riyals, compared to a net profit of about 1.26 million riyals in the same period from Last year.
