Development Works Food applies to CMA for capital hike via rights issue

07/12/2025 Argaam
Development Works Food Co. seeks CMA approval for capital increase via SAR 90 million rights issue

Development Works Food Co. seeks CMA approval for capital increase via SAR 90 million rights issue

Development Works Food Co. (DWF) applied today, Dec. 7, to the Capital Market Authority (CMA) to approve its capital increase through the issuance of a SAR 90 million rights issue.

 

In a statement to Tadawul, the company confirmed the disclosure of any future developments once available.

 

In January 2024, DWF board of directors recommended increasing the company’s capital through a rights issue, Argaam’s data showed.

 

In December 2024, the company appointed a new financial advisor, Estidamah Capital, to handle the submission of the capital increase application to the CMA.

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