AI Summary
Logo of Nofoth Food Products Co.
Nofoth Food Products Co.'s shareholders will vote on the board recommendation to increase capital by 100% via a 1:1 bonus issue, during an extraordinary general meeting (EGM) to be held on June 1, as follows:
|
Capital Increase Details |
|
|
Current Capital |
SAR 48 mln |
|
Number of Shares |
48 mln |
|
Percentage of Increase |
100% |
|
New Capital |
SAR 96 mln |
|
New Number of Shares |
96 mln |
|
Method |
1 bouns share for each owned share |
|
Nature and Value of Reserve |
Capitalizing SAR 48 mln from retained earnings |
|
Record Date |
To shareholders registered with Edaa at the end of the second trading day following the EGM date |
|
Reason |
To enhance the company's financial solvency, support its expansion plans, maximize returns for shareholders by developing works and seizing available opportunities in the food sector. |
Fractional shares, if any, will be compiled into one portfolio for all shareholders and will be offered at the market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum.
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Shareholders will also vote on the board of directors’ recommendation on the distribution of cash dividend at 25% of capital, or SAR 0.25 per share, for 2024.
|
Dividend Details (2024) |
|
|
Current Capital |
SAR 48 mln |
|
Number of Shares* |
48 mln |
|
Nominal Value |
SAR 1 |
|
Total Dividend |
SAR 11.91 mln |
|
Percentage of Capital |
25% (SAR 0.25 per share) |
|
Record Date |
To shareholders registered with Edaa by the end of trading on the EGM date. |
|
Payment Date |
June 15, 2025 |
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