Riyadh – Mubasher: The Board of Directors of Nafuth Food Products Company has invited shareholders to participate and vote in the Extraordinary General Assembly Meeting (first meeting), which includes increasing the company's capital. The meeting is scheduled to be held on the evening of Sunday, June 1, 2025, via modern technology.

The company said in a statement on Tadawul today, Sunday, that the agenda includes voting on distributing cash dividends amounting to 11.9 million riyals for the financial period ending December 31, 2024, at a rate of 25 halalas per share, representing 25% of the nominal value of the share.

Nafooz added that the right to dividends will be for shareholders who own shares at the end of trading on the day of the general assembly meeting and are registered in the company's shareholders' register with the Securities Depository Center Company at the end of the second trading day following the due date. It indicated that dividend distribution will begin on June 15, 2025.

Nafooz pointed out that the agenda also includes voting on increasing the capital through bonus shares by 100%, increasing it from 48 million riyals to 96 million riyals. Consequently, the number of shares will increase from 48 million to 96 million shares, bringing the number of bonus shares to 1 share for every 1 share, through capitalizing 48 million riyals from retained earnings.

The company stated that this increase aims to enhance the company's financial solvency, support its expansion plans, and maximize shareholder returns by growing its business and seizing opportunities in the food sector.

Other items are scheduled to be voted on, including a vote on amending Article 7 of the company's articles of association relating to capital, and a vote on the remuneration policy for members of the board of directors, board committees, and executive management, among others.