Fesh Fash board decides to postpone capital increase

06/04/2023 Argaam

Fesh Fash board decides to postpone capital increase

Logo of Fesh Fash Snack Food Production Co.

Fesh Fash Snack Food Production Co.'s board decided to postpone the capital increase to allow the executive management to review all the necessary technical and financial requirements, according to a statement to Tadawul today, April 6.

 

The move is aimed at supporting the company's expansion activities for the next five years. Any developments in this regard will be announced in due course, Fesh Fash added.

 

On Nov. 3, 2022, the board of directors recommended increasing the company’s capital by 33%, through distributing one bonus share for every three shares held, according to data available with Argaam.

 

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