Fesh Fash board recommends stock split, upgrade to TASI

06/04/2023 Argaam

Fesh Fash board recommends stock split, upgrade to TASI

Logo of Fesh Fash Snack Food Production Co.

Fesh Fash Snack Food Production Co.’s board of directors decided today, April 6, splitting the stock's nominal value from SAR 10 to SAR 1 per share, while maintaining the company’s capital unchanged, according to a Tadawul statement.

 

Thus, the number of shares will increase to 11.30 million from 1.13 million. The company will be committed to completing the necessary related procedures.

 

Furthermore, the board agreed to upgrade the stock from Nomu-Parallel Market to TASI.

 

The decisions are pending the general assembly’s approval after completing the necessary requirements.

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