RIYADH: Saudia Dairy and Foodstuff Co.’s, or SADAFCO"s, board has recommended a dividend payout of SR3 per ($0.8) share, 30 percent of capital, for the second half of the fiscal year ended March 31, 2022. A total of SR96 million will be allocated to dividend payouts, with around 32 million shares eligible, the company said in a bourse filing. From the same period last year to this one, the dairy firm hasn"t changed its payout. This was despite SADAFCO reporting a 20 percent drop in profit to SR207.3 million for the fiscal year ended on March 31, 2022, and compared to SR260.6 million in the year-earlier period. SADAFCO, based in Jeddah, operates sales and distribution centers in 24 locations across Saudi Arabia, Bahrain, Qatar, Jordan, and Kuwait.