Fesh Fash capital increase aims to support the company’s growth plan and strengthen its financial position
Fesh Fash Snack Food Production Co.’s board of directors recommended, onJan. 11, a 50% capital top-up, through distributing one bonus share for every two shares held,as follows: 
Capital Increase Details
Current Capital
SAR 11.30 mln
Number of Shares
11.30 mln
Percentage of Increase
50% (1-for-2 bonus share distribution)
New Capital
SAR 16.95 mln
New Number of Shares
16.95 mln
Reason
To support the company’s growth plan and strengthen its financial position
Capitalization
Capitalizing SAR 5.65 mln from retained earnings
Record Date
Shareholders of record and those registered with Edaaby the close of thesecond trading day following the extraordinary general meeting (EGM), the date for which will be determined later
Fractional shares, if any, will be compiled in one portfolio for all shareholders and will be offeredat market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum, the company said in a statement toTadawul.
The decision is subject to obtaining the approval of the relevant regulatory authorities and the extraordinary general assembly (EGM) for the increase in capital and the number of shares granted, the statement added.
Fesh Fash capital increase aims to support the company’s growth plan and strengthen its financial position
Fesh Fash Snack Food Production Co.’s board of directors recommended, onJan. 11, a 50% capital top-up, through distributing one bonus share for every two shares held,as follows:
Capital Increase Details
Current Capital
SAR 11.30 mln
Number of Shares
11.30 mln
Percentage of Increase
50% (1-for-2 bonus share distribution)
New Capital
SAR 16.95 mln
New Number of Shares
16.95 mln
Reason
To support the company’s growth plan and strengthen its financial position
Capitalization
Capitalizing SAR 5.65 mln from retained earnings
Record Date
Shareholders of record and those registered with Edaaby the close of thesecond trading day following the extraordinary general meeting (EGM), the date for which will be determined later
Fractional shares, if any, will be compiled in one portfolio for all shareholders and will be offeredat market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum, the company said in a statement toTadawul.
The decision is subject to obtaining the approval of the relevant regulatory authorities and the extraordinary general assembly (EGM) for the increase in capital and the number of shares granted, the statement added.
