The General Assembly of “Nofoth” approves the distribution of 15.16 million riyals for the year 2025

Nofoth Food Products Company announced the results of the Ordinary General Assembly meeting (first meeting) held last Thursday.

The company said in a statement on its website: "Saudi Arabia trading"The results of the vote on the assembly’s agenda included: Approval of the participation of Board Member Faisal Al-Amqiqan in a business competing with the company’s business.

The results included: Approval of works and contracts between the company and Abdullah Al-Amqiqan Real Estate Company, in which Board Member Faisal Al-Amqiqan and Board Member Ibrahim Al-Amqiqan have an indirect interest.

The works are: a lease contract for administrative offices and showrooms in the Al-Nuzha district in the city of Riyadh. The duration of this contract is two Gregorian years, and its value The annual rent is about 1.2 million riyals, noting that the total value of transactions for the fiscal year 2025 amounted to about 1.26 million riyals, while the transactions and contracts were carried out in the normal course of business and in accordance with prevailing commercial terms and without any preferential terms and benefits.

The results included: Approval of business and contracts concluded between the company and the Musakhan Grape Leaves Establishment for providing meals, in which Board Member Faisal Al-Amqiqan and Board Member Ibrahim Al-Amqiqan have an indirect interest.

The business is a sales contract for food products and the duration of this contract is one year, with a total value of transactions during 2025 of about 590.5 thousand riyals, while the transactions were carried out in the normal course of business and in accordance with the prevailing commercial terms, and without any preferential terms and benefits.

The results included: Approval of business and contracts concluded between the company and First Travel Company, in which Board Member Faisal Al-Amqiqan and Board Member Ibrahim Al-Amqiqan have an indirect interest.

/>The business is a transaction agreement to provide travel ticket reservation services, noting that the value of the transactions during 2025 amounted to 430.59 thousand riyals, while they were carried out in the normal course of business and in accordance with the prevailing commercial conditions and without any preferential terms and benefits.

The results included: approval of business and contracts concluded between the company and the Vasa Food Company, in which the member of the Board of Directors, Faisal Al-Amqian, has an indirect interest, as he holds the position of Chairman of the Board of Directors of the Phaza Company, and the member of the Board of Directors, Ibrahim, also has a The two deep ones, an indirect interest, as he is the brother of the Chairman of the Board of Directors of FAZA.

The business consists of a space lease contract, with a total value of transactions during 2025 amounting to 237 thousand riyals, while it was carried out in the normal course of business and in accordance with the prevailing commercial conditions, and without any preferential conditions or benefits.

The results included: Approval of the Board of Directors’ recommendation to distribute cash dividends in an amount estimated at approximately 15.16 million riyals to shareholders for the financial period ending in December 31, 2025, at 16 halalas for each share, representing 16% of the nominal value of the share.

The eligibility will be for shareholders who own shares at the end of trading on the day of the General Assembly and who are registered in the company’s shareholder register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the entitlement date, with the distribution date beginning on May 21 of the current year.

The results included: Approval of the policy Dividend distribution for the next three years, starting with distributions for the first quarter of the fiscal year 2026, and ending with distributions for the fourth quarter of the same fiscal year.

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