The board of directors of Herfy Food Services Company approved to distribute SAR 1 cash dividends per share to shareholders for the first half of 2019.
The distributions will be paid starting Thursday, 24 October 2019, Herfy Food disclosed to the Saudi Stock Exchange (Tadawul) on Thursday.
The dividends shall be due to equityholders on 10 October and the shareholders of records on Monday, 14 October.
The distributions are valued at SAR 64.68 million distributed on 6.47 million shares.
It is worth pinpointing that during the second quarter of 2019, Herfy Food’s profits shrank to SAR 40.86 million from SAR 45.89 million, a 10.96% year-on-year drop.
In May 2019, the company’s ordinary general meeting (OGM) had approved to distribute a value of SAR 1.1 worth of cash dividends per share for the second half of 2018.