Almarai’s General Assembly Approves 10% Cash Dividends for 2024

Almarai Company’s Extraordinary General Assembly, held on Sunday evening, 13 April 2025, at the company’s headquarters in Riyadh via modern technology, approved the Board of Directors’ recommendation to distribute cash dividends to shareholders at a rate of 10% of the capital (equivalent to SAR 1 per share) for the fiscal year 2024. This is based on a current capital of SAR 10 billion and one billion outstanding shares, resulting in total cash dividends of SAR 1 billion.

Dividend eligibility is for shareholders holding shares at the end of the second trading day following the confirmation of the distribution date, with the entitlement date set for 13 April 2025 and payment scheduled for 24 April 2025.

The shareholders also approved the repurchase of up to 10 million shares to be allocated for the company’s employee incentive program. The buyback will be funded from the company’s internal resources, and the Board of Directors has been authorized to complete the purchase within 12 months from the date of the Extraordinary General Assembly’s resolution. The purchased shares will be retained for no more than seven years until they are allocated according to the applicable procedures and regulatory requirements.

Additionally, the shareholders approved the contracts and transactions conducted between the company and related parties during the fiscal year 2024.