Riyadh – Mubasher: Almarai Company announced the board’s proposal to pay cash dividends to shareholders amounting to SAR 1 billion for 2023, according to a bourse disclosure.
The Saudi firm will grant a dividend of SAR 1 per share, equivalent to 10% of the share nominal value, for 1 billion eligible shareholders.
The board members recommended the annual cash dividends during their meeting on 19 December 2023.
Meanwhile, the distribution date will be announced at a later time.
In the first nine months (9M) 2023, Almarai posted 19.55% higher net profits after Zakat and tax valued at SAR 1.67 billion, compared to SAR 1.40 billion in 9M-22.
Revenues increased by 5.57% to SAR 14.65 billion in 9M-23 from SAR 13.88 billion a year earlier, while the earnings per share (EPS) went up to SAR 1.71 from SAR 1.43.
