Riyadh - Mubasher: The board of Modern Mills for Food Products Company has resolved to distribute SAR 81.01 million in cash dividends to shareholders for the first half (H1) of 2026.
The board decision, reached on 23 July 2026, allocates a dividend of SAR 1 per share across 81.01 million eligible shares. This distribution represents 100% of the share nominal value.
Eligibility for the payout is set for shareholders owning stock at the close of trading on 6 August 2026, as registered with the Securities Depository Center Company (Edaa) by the end of the second trading day following the eligibility date.
The company confirmed that the dividend distribution is scheduled to commence on 25 August 2026.
The company noted that distributions to non-resident foreign investors will be subject to a 5% withholding tax in accordance with Article 68 of the Income Tax Law and Article 63 of its Implementing Regulations.
Modern Mills urged shareholders to update their bank account data linked to investment portfolios to ensure the timely electronic transfer of funds through Edaa.
The company’s net profits increased to SAR 119.33 million in H1-26 from SAR 115.31 million a year earlier.
