Naf Feed Board Recommends 50% Capital Boost via Bonus Shares

NAF

NAF

9644.SA

0.00

On August 17, 2026, Naf Company for Feed for Industry announced that its Board of Directors, following a meeting held on August 16, 2026, resolved to recommend to the Extraordinary General Assembly a 50% increase in the Company's share capital through the issuance of bonus shares. The capital increase will be effected by capitalizing SAR 10,000,000 from retained earnings, raising the share capital from SAR 20,000,000 to SAR 30,000,000, with shareholders receiving one (1) bonus share for every two (2) shares held, increasing the total number of shares from 20,000,000 to 30,000,000. The move aims to strengthen the Company's financial position and support its future growth and expansion plans. The issuance remains subject to approval by the relevant regulatory authorities and the Extraordinary General Assembly, with the eligibility date to be determined upon the scheduling of the assembly.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97647&anCat=1&cs=9644&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.