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Modern Mills for Food Products Company announces the board of director’s decision to distribute cash dividends for Second Half of 2025
| Element List | Explanation |
|---|---|
| Introduction | Modern Mills for Food Products Company. announces the board of director’s resolution to distribute cash dividends for the second half of 2025 |
| Date of the board’s decision | 2026-03-01 Corresponding to 1447-09-12 |
| The Total amount distributed | 81,013,680 SAR |
| Number of Shares Eligible for Dividends | 81,013,680 Shares |
| Dividend per share | 1 SAR |
| Percentage of Dividend to the Share Par Value (%) | 100 |
| Eligibility date | 2026-03-12 Corresponding to 1447-09-23 |
| Distribution Date | 2026-04-06 Corresponding to 1447-10-18 |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | Not Applicable |
| Additional Information | As a result, the total dividends declared for the fiscal year ending 31-12-2025 amounts to SAR 162,027,360 at 2 SAR per share. The company has previously distributed cash dividends of SAR 81,013,680 on 17-8-2025 for the first half of fiscal year 2025 to eligible shareholders at SAR 1 per share. The company would like to announce to its valued shareholders that dividends will be distributed by automatically depositing into their investment accounts linked to the shareholders’ portfolios at all banks through Edaa Securities Center Company. Knowing that Eligibility shall be at the end of the trading day 12-03-2026 Corresponding to 23-09-1447 for the shareholders registered in Depository Center (Edaa) at the end of the second trading day following the eligibility date. We would like to draw the attention of the non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to withholding tax of 5%, in accordance with the provisions of article 68 of the income tax law and article 63 of its implementing. Therefore, the company urges non-resident investors who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority, to communicate with the Investor Relations Department to provide documents supporting tax exemption. The company calls on its valued shareholders to update their data and ensure that bank account numbers are linked to investment portfolios to ensure that their profits reach without a delay. In case of any inquiries or further details, please contact investor relations during working hours though email at: ir@modernmills.com.sa or by calling (+966-122728989 Ext: 1123) |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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