SADAFCO Approves Share Buyback of 2.7M Shares

SADAFCO

SADAFCO

2270.SA

0.00

Saudia Dairy and Foodstuff Co. (SADAFCO) announced the results of its Extraordinary General Assembly meeting held on May 19, 2026, via modern technology means at the company's Jeddah headquarters, with 64.77% shareholder attendance. The assembly approved key decisions including the appointment of PricewaterhouseCoopers as external auditor for SAR 920,000, disbursement of SAR 3,600,000 as board member remuneration for fiscal year 2025, and authorization for the board to distribute interim dividends for 2026. Additionally, shareholders approved the purchase of up to 2,709,627 treasury shares within 18 months, amendments to company bylaws, and the appointment of Mr. Samer Mohammed Abbouchi as a non-executive board member to complete the current term ending March 31, 2028.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95533&anCat=1&cs=2270&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.