Monday, 21 July 2025

Nofoth Foods GA discusses increasing capital to SAR 48 mln through granting shares

The Board of Directors of Nofoth Foods invited the shareholders to participate and vote in the Extraordinary General Assembly meeting for capital increase (The first meeting), which is scheduled to be held in Riyadh at the company’s and the attendance through the means of modern technology at (07:30 pm) on Sunday evening, Jan, 07th, 2024.

Agenda:

1. Voting on the recommendation of the Board of assembly to increase the company’s capital through the issuance of bonus shares as follows:

اقرأ المزيد

– Capital before increase: SAR 24 million.

– Capital after increase: SAR 48 million.

– The increase rate is 100% of the capital.

– Number of shares before the increase: 24 million shares.

– Number of shares after the increase: 48 million shares.

This increase is via capitalizing an amount of SAR 24 million from the retained earnings by issuing a share for each share owned by a shareholder on the due date.

The registered shareholders in the Tadawulati services will be able to vote remotely (electronic voting) on the assembly’s articles, starting from one in the morning on Wednesday. Jan, 03rd, 2024. And until the conclusion of the assembly meeting.

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