RIYADH: Saudi food giant Almarai Co.’s board of directors has recommended a 10 percent cash dividend for 2021, at SR1 ($0.27) per share.

This amounts to SR1 billion ($266.5 million), according to a bourse filing on Wednesday.

The recommended cash dividend matched the payout of the prior fiscal year, at SR1 per share.

The payment date will be determined after obtaining the upcoming general meeting’s approval on the recommendation, the company said in a statement.