Low profits of “food” to 35 million riyals in 2024

The profits of the Al -Alawat Company in 2024 decreased by 38% to 35 million riyals, compared to 56.6 million riyals in 2023.
According to the company’s statement on the circulation of Saudi Arabia, the net profit decreased due to the poor performance of sales affected by the continuation of the geopolitical situation in the region and the impact of the low value of the currency in Egypt in addition to the presence of unexpected costs of 11 million riyals during the first quarter of 2024.
With the beginning of the second half of the year, profitability witnessed a remarkable improvement thanks to marketing initiatives and cost improvement, in addition to the strategic transformation into a more flexible cost structure, which led to the strengthening of profit margins and making the company more flexible and powerful in the fourth quarter of 2024.
The Board of Directors decided to distribute cash dividends to shareholders for the fourth quarter of the year 2024.
The total amount distributed is about 15.180 million riyals, while the number of shares due for profits is 25,301,500.
The share share of the distribution is 0.6 riyals, while the distribution rate to the nominal share value is 6%.
The date of truth will be 1446-10-15 corresponding to 2025-04-13, while the distribution date will be 1446-11-01 corresponding to 2025-04-29.