Naf board proposes 50% capital top-up
- Source
- Argaam - Main News
- Source link
- https://www.argaam.com/en/article/articledetail/id/1929844
- Published
- 2026-08-17 08:28:00
- Discovered by ProcIntel
- 2026-08-17 06:23:39
- Category
- GCC Spotlight
- Geography
- Saudi Arabia
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<p data-olk-copy-source="MessageBody" ><img src="https://argaamplus.s3.amazonaws.com/0aa30a3c-3057-411c-9759-e4cedc41e30a.png"></p> <p class="ckeCaption" data-olk-copy-source="MessageBody" >Naf to capitalize SAR 10 million from retained earnings to fund the capital increase</p> <hr> <p data-olk-copy-source="MessageBody" ><a href="http://www.argaam.com/en/tadawul/nomu/naf" target="_blank">Naf Co. for Feed for Industry</a> said its board of directors on Aug. 16 recommended a 50% capital increase to SAR 30 million, through a 1-for-2 bonus issue, according to a statement to <strong>Tadawul</strong>.</p> <p data-olk-copy-source="MessageBody" ></p> <table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="2" > <p ><strong><span ><span ><span >Capital Increase Details </span></span></span></strong></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Current Capital</span></span></span></strong></p> </td> <td > <p ><span ><span ><span >SAR 20 mln</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Number of Shares</span></span></span></strong></p> </td> <td > <p ><span ><span ><span >20 mln</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >New Capital</span></span></span></strong></p> </td> <td > <p ><span ><span ><span >SAR 30 mln</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >No. of Shares</span></span></span></strong></p> </td> <td > <p ><span ><span ><span >30 mln</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Increase Percentage </span></span></span></strong></p> </td> <td > <p ><span ><span >50%</span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Reason</span></span></span></strong></p> </td> <td > <p ><span ><span ><span >Enhance financial position, and support growth plans</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Bonus shares</span></span></span></strong></p> </td> <td > <p ><span ><span ><span >One bonus share for every two existing shares</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Method</span></span></span></strong></p> </td> <td > <p ><span ><span ><span >Through capitalization of SAR 10 mln from the retained earnings.</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Record Date</span></span></span></strong></p> </td> <td > <p ><span ><span ><span >Shareholders of record on the extraordinary general meeting (EGM) date (which will be set later) and those registered with Edaa on the second trading day following the general meeting.</span></span></span></p> </td> </tr> </tbody> </table> <div ></div> <p >Fractional shares, if any, will be compiled into one portfolio for all shareholders and sold at market price, with the proceeds distributed pro rata, within a period not exceeding 30 days.</p> <p ></p> <p >The bonus issue is subject to the approval of the relevant authorities and the general meeting, the statement added.</p>
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