Almunajem Foods announces cash dividends for H2-23

Riyadh – Almunajem Foods Company will pay cash dividends worth SAR 120 million for the second half (H2) of 2023.

The Saudi firm will disburse SAR 2 per share for 60 million eligible shares, according to a bourse disclosure.

The eligibility date of the dividends, which represent 20% of the capital, was on 21 November and will be paid through the Securities Depository Center (Edaa) starting from 3 December 2023.

It is worth noting that in the first nine months (9M) of 2023, the company achieved a net profit of SAR 200.60 million and revenues of SAR 2.48 billion.

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