‎Foods Gate shareholders to vote on 10% dividend for 2024, 1:2 bonus issue on June 24

‎Foods Gate shareholders to vote on 10% dividend for 2024, 1:2 bonus issue on June 24 ‎Foods Gate shareholders to vote on 10% dividend for 2024, 1:2 bonus issue on June 24

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Logo of Foods Gate Trading Co.

Foods Gate Trading Co.’s shareholders will vote on the board of directors’ recommendation to pay a cash dividend at 10%, or SAR 1 a share, for 2024, during an ordinary general assembly, set to be held on June 24, 2025, according to a statement toTadawul.

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Dividend Details

Current Capital

SAR 21 mln

Number of Shares

2.1 mln

Total Dividend

SAR 2.1 mln

Percentage of Dividend

10% (SAR 1 a share)

Record Date

June 24, 2025, to shareholders of record, and those registered with Edaa on the second trading day following the general meeting date.

Payment Date

July 6, 2025

The company also said that other agenda items include voting on a 50% capital increase from SAR 21 million to SAR 31.5 million through a 1-for-2 bonus share issue.

Capital Increase Details

Current Capital

SAR 21 mln

Number of Shares

2.1 mln

Nominal Value

SAR 10/share

Percentage of Increase

50% (1:2 bonus share issue)

Method

Capitalizing SAR 10.5 mln from retained earnings

New Capital

SAR 31.5 mln

New Number of Shares

3.15 mln

Reason

To fund operational projects and investment expansions toenhance the company’sability to achieve its strategic objectives and raise the efficiency of its business to ensure sustainable growth and achieve added value for shareholders

Record Date

June 24, 2025, to shareholders of record and those registered with Edaa on the second trading day following the record date

 

Logo of Foods Gate Trading Co.

Foods Gate Trading Co.’s shareholders will vote on the board of directors’ recommendation to pay a cash dividend at 10%, or SAR 1 a share, for 2024, during an ordinary general assembly, set to be held on June 24, 2025, according to a statement toTadawul.

Dividend Details

Current Capital

SAR 21 mln

Number of Shares

2.1 mln

Total Dividend

SAR 2.1 mln

Percentage of Dividend

10% (SAR 1 a share)

Record Date

June 24, 2025, to shareholders of record, and those registered with Edaa on the second trading day following the general meeting date.

Payment Date

July 6, 2025

The company also said that other agenda items include voting on a 50% capital increase from SAR 21 million to SAR 31.5 million through a 1-for-2 bonus share issue.

Capital Increase Details

Current Capital

SAR 21 mln

Number of Shares

2.1 mln

Nominal Value

SAR 10/share

Percentage of Increase

50% (1:2 bonus share issue)

Method

Capitalizing SAR 10.5 mln from retained earnings

New Capital

SAR 31.5 mln

New Number of Shares

3.15 mln

Reason

To fund operational projects and investment expansions toenhance the company’sability to achieve its strategic objectives and raise the efficiency of its business to ensure sustainable growth and achieve added value for shareholders

Record Date

June 24, 2025, to shareholders of record and those registered with Edaa on the second trading day following the record date

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