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May 05 2009

Shareholders of Hadco withhold dividends

Saudi-based Hail Agricultural Development Company (Hadco) said its shareholders have decided not to distribute dividends for 2008 because they felt that profits could be better used.

Hadco , which operates poultry farms as part of its business, owns a 21.5 per cent stake in Riyadh-based Pure Breed Poultry Company.

© Emirates Business 24/7 2009

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