The Saudi Arabia Capital Market Authority has approved Nofoth Food Products Company’s request to double its capital from SAR 48,000,000 to SAR 96,000,000 through a one-for-one bonus share issuance. The capital increase will be funded by transferring SAR 48,000,000 from the company’s retained earnings to share capital, increasing outstanding shares from 48,000,000 to 96,000,000. Bonus shares will be allocated to shareholders recorded in the shareholders register at the Securities Depository Center as of the close of the second trading day after a due date to be set by the company’s board. The extraordinary general assembly must be held within six months of the approval, and the company must meet applicable regulatory requirements and laws.
Saudi Arabia Capital Markets Authority 2025-04-15
Saudi Arabia Capital Market Authority approves Nofoth Food Products’ capital increase via one-for-one bonus share issue
The Saudi Arabia Capital Market Authority approved Nofoth Food Products Company's plan to double its capital from SAR 48 million to SAR 96 million via a one-for-one bonus share issuance. The increase will be funded by transferring SAR 48 million from retained earnings, raising outstanding shares to 96 million. Bonus shares will be allocated to shareholders registered at the Securities Depository Center as of the second trading day after a due date set by the company's board.