Almarai Announces the Results of The Extraordinary General Assembly Meeting

During its meeting held on the evening of Tuesday, Ramadan 23, 1445 AH, corresponding to April 2, 2024, at its headquarters in Riyadh, through modern technological means, the Extraordinary General Assembly of Almarai Company approved the Board of Directors’ recommendation to distribute cash dividends to shareholders at a rate of 10% of the capital, (at riyals per share), for the year 2023 AD.
The dividends will be disbursed and transferred to the bank accounts linked to the portfolios of eligible shareholders starting from April 16, 2024.
The shareholders approved the repurchase of up to a maximum of 10 million shares to be allocated to the employee incentive program. The purchase will be financed through the company’s resources, and the Board of Directors is authorized to complete the purchase process within a maximum period of 12 months from the date of the General Assembly’s decision extraordinary.
In addition, shareholders approved the contracts and business concluded between the company and related parties in 2023.