Fesh Fash shares rise 270% in 6 sessions, trade at SAR 185.20 on Monday

Shares of Fesh Fash Snack Food Production Co., which are listed on Nomu-Parallel Market, rose their daily limit of 30% to reach SAR 185.20 today, May 17, 2021.

Accordingly, the stock's gains reached 270% in six sessions, or SAR 135.20, compared to its listing price of SAR 50.

Only 131 shares were traded through four transactions at a total value of SAR 22,800.

The company was listed on May 4, after the Capital Market Authority (CMA) approved its application to register shares for direct listing on Nomu on March 31.

Fesh Fash was established in April 1981 with a current capital of SAR 11.30 million, divided into 1.13 million shares.

The company is active in the field of production and sale of corn puffs, potato puffs and natural potato chips through production of these products in its factory in the Second Industrial Zone located on Al-Kharj Road. The factory is established on a rented land from Saudi Authority for Industrial Cities and Technology Zones (Modon) with an area of 15,400 square meters.

The company posted a net profit of SAR 3.93 million (SAR 3.48 a share) for 2020, according to data compiled by Argaam.