Almarai agrees on distributing SR 850m dividends in its EGAM
Almarai Company held its Extraordinary General Assembly Meeting “EGAM” on Sunday April 7th, 2019, at Holiday Inn Izdihar, Riyadh. The attending shareholders approved the Board of Directors’ recommendation to distribute monetary dividends for the fiscal year ending December 31st, 2018 at SR 0.50 per share, totalling SR 850m i.e. 8.5% of the 1,000m share capital. Dividends will be disbursed and transferred to registered shareholders’ banking accounts with effect from April 15th, 2019.
The Company also announced 3.8% growth in its revenues in Q1-2019 ending March 31st, 2019.