The Ordinary and Extraordinary General Assembly of Al Eid Food Company held its meeting at the company’s headquarters on Monday, May 12, with the attendance of several shareholders and investors. The Assembly approved all items on its agenda, most notably the approval of distributing cash dividends at 13% of the nominal value per share and granting bonus shares at 3% of the authorized capital for the fiscal year ending December 31, 2024. Additionally, the Ordinary General Assembly approved the Corporate Governance and Audit Committee reports for the fiscal year ending December 31, 2024. It also approved allocating 10% of the profits to the optional reserve to strengthen the company’s financial position.
