Logo of Foods Gate Trading Co.
Foods Gate Trading Co.’s shareholders approved the board recommendation to distribute a cash dividend at 10% of capital, or SAR 1 per share, for 2024, according to a statement to Tadawul. The dividend details are as follows: 
Dividend Details (2024)
Current Capital
SAR 21 million
Number of Shares:
2.1 mln
Total Dividends
SAR 2.1 mln
Percentage of Capital
10% (SAR 1 a share)
Record Date
June 24, 2025 shareholders of record and those registered with Edaa on the second trading day following the record date
Payment Date
July 6, 2025
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Shareholders further approved the board’s recommendation to increase the company’s capital by 50% through a bonus share issue. This will be done by capitalizing SAR 10.5 million from retained earnings, granting one bonus share for every two shares owned. The details are as follows:
Capital Increase Details
Current Capital
SAR 21 mln
Number of Shares
2.1 mln
Nominal Value per Share
SAR 10
Proposed Increase
50% (One bonus share for every two existing shares)
Method
Capitalizing SAR 10.5 mln from retained earnings
New Capital
SAR 31.5 mln
Number of Shares
3.15 mln
Reason
To finance the company’s operating and investment expansion projects, enhance its ability to achieve strategic goals, improve operational efficiency, and ensure sustainable growth and added value for shareholders.
Record Date
June 24, 2025 shareholders of record and those registered with Edaa on the second trading day following the record date
Shareholders further ratified the transfer of the statutory reserve balance of SAR 4.94 million (as per the financial statements dated Dec.31, 2024) to the retained earnings balance of SAR 26.56 million, the statement added.
Logo of Foods Gate Trading Co.
Foods Gate Trading Co.’s shareholders approved the board recommendation to distribute a cash dividend at 10% of capital, or SAR 1 per share, for 2024, according to a statement to Tadawul. The dividend details are as follows:
Dividend Details (2024)
Current Capital
SAR 21 million
Number of Shares:
2.1 mln
Total Dividends
SAR 2.1 mln
Percentage of Capital
10% (SAR 1 a share)
Record Date
June 24, 2025 shareholders of record and those registered with Edaa on the second trading day following the record date
Payment Date
July 6, 2025
For more news on listed companies
Shareholders further approved the board’s recommendation to increase the company’s capital by 50% through a bonus share issue. This will be done by capitalizing SAR 10.5 million from retained earnings, granting one bonus share for every two shares owned. The details are as follows:
Capital Increase Details
Current Capital
SAR 21 mln
Number of Shares
2.1 mln
Nominal Value per Share
SAR 10
Proposed Increase
50% (One bonus share for every two existing shares)
Method
Capitalizing SAR 10.5 mln from retained earnings
New Capital
SAR 31.5 mln
Number of Shares
3.15 mln
Reason
To finance the company’s operating and investment expansion projects, enhance its ability to achieve strategic goals, improve operational efficiency, and ensure sustainable growth and added value for shareholders.
Record Date
June 24, 2025 shareholders of record and those registered with Edaa on the second trading day following the record date
Shareholders further ratified the transfer of the statutory reserve balance of SAR 4.94 million (as per the financial statements dated Dec.31, 2024) to the retained earnings balance of SAR 26.56 million, the statement added.
