Fesh Fash EGM to vote on 75% capital hike via bonus issue on June 7

Logo of Fesh Fash 

Fesh Fash shareholders will vote on the board’s recommendation to increase capital by 75% through a 3-for-4 bonus share issue, during an extraordinary general meeting (EGM) scheduled for June 7, according to a statement to Tadawul.

 

Capital Increase Details

Current Capital

SAR 11.30 mln

Current No. of Shares

11.30 mln

Percentage of Increase

75% (3-for-4 bonus share distribution)

New Capital

SAR 19.78 mln

New No. of Shares

19.78 mln

Reason

To support the company’s growth plan and strengthen its financial position

Method

Capitalizing SAR 8.48 mln from retained earnings

Record Date

June 7, 2026 (Shareholders registered with Edaa by the close of the second trading day following the record date)
 

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.

 

Shareholders will also vote on authorizing the board to distribute interim dividends a quarterly or semi-annual basis for 2026.

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