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Saudia Dairy and Foodstuff Co. ("SADAFCO") announces the distribution of cash dividend for the second half of the fiscal year ended on 31-03-2022G

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Introduction SADAFCO Co. is pleased to announce its Board of Directors' recommendation to distribute cash dividends to the shareholders for the second half of the fiscal year ended on 31-03-2022G as follows:
Date of the board’s decision 2022-05-25 Corresponding to 1443-10-24
The Total amount distributed SAR 95,999,250
Number of Shares Eligible for Dividends 31,999,750 Shares
Dividend per share SAR 3.00
Percentage of Dividend to the Share Par Value (%) 30 %
Eligibility date The dividends shall be distributed to shareholders registered in the Securities Depository Centre on the second day following the eligibility day. The date of the annual general assembly meeting will be fixed after the approval of the concerned authorities.
Distribution Date The date of distribution of dividends will be fixed after the approval by the annual general assembly.
Additional Information The Company requests its shareholders to update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend is deposited in their accounts with the banks on the distribution day.

We would like to draw the attention to the foreign non-resident investors that the dividends paid by the Company are subject to a withholding tax of 5% upon transfer to the non-resident investor or credit to its account pursuant to Article (68) of the Income Tax Law and Article (63) of the Implementing Regulations.

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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