SADAFCO shareholders authorized the board to distribute interim dividends for 2026.
Saudia Dairy Foodstuff Co. (SADAFCO)shareholders approved a board recommendation to buy back of up to 2.7 million shares and hold as treasury shares. The decision came during an extraordinary general meeting (EGM) on May 19. 
The board believes the company’s current market price is below its fair value, SADAFCO said in a statement to Tadawul, adding that the planned share repurchase will be self-financed.
Shareholders also authorized the board to complete the repurchase within 18 months of the EGM.
The repurchased shares shall be held for a maximum of five years after the EGM approval. After the period lapses, the company will follow the rules and procedures stipulated in the relevant laws and regulations, the statement added.
Meanwhile, shareholders authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2026.
Additionally, they approved the participation of the Vice-Chairman Saied Basamh in a business competing with the company’s business.
According to data available on Argaam, the purchased shares represent 8.34% of the company’s 32.5 million outstanding shares.
The company distributed cash dividends totaling SAR 511.62 million for 2025, at SAR 16 per share, representing 160% of the capital.
SADAFCO shareholders authorized the board to distribute interim dividends for 2026.
Saudia Dairy Foodstuff Co. (SADAFCO)shareholders approved a board recommendation to buy back of up to 2.7 million shares and hold as treasury shares. The decision came during an extraordinary general meeting (EGM) on May 19.
The board believes the company’s current market price is below its fair value, SADAFCO said in a statement to Tadawul, adding that the planned share repurchase will be self-financed.
Shareholders also authorized the board to complete the repurchase within 18 months of the EGM.
The repurchased shares shall be held for a maximum of five years after the EGM approval. After the period lapses, the company will follow the rules and procedures stipulated in the relevant laws and regulations, the statement added.
Meanwhile, shareholders authorized the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2026.
Additionally, they approved the participation of the Vice-Chairman Saied Basamh in a business competing with the company’s business.
According to data available on Argaam, the purchased shares represent 8.34% of the company’s 32.5 million outstanding shares.
The company distributed cash dividends totaling SAR 511.62 million for 2025, at SAR 16 per share, representing 160% of the capital.
