IssuerAnnouncementDetailsV2Portlet
Fesh Fash Snack Food Production Co. Announces the Board’s Recommendation to Increase the Capital by Granting Bonus Shares
| Element List | Explanation |
|---|---|
| Introduction | Fesh Fash snack Food Pro.Co. announces the decision of its Board of Directors dated 11/01/2026 to increase the company’s capital by 50% through the issuance of free shares, by granting (1) one free share for every (2) shares owned by the shareholders. |
| Date of Board Meeting | 2026-01-11 Corresponding to 1447-07-22 |
| Capital before increase | 11,300,000 |
| Capital after increase | 16,950.000 |
| Percentage of Capital increase | 50 % |
| Number of shares before Capital increase | 11300000 |
| Number of shares after Capital increase | 16950000 |
| Reasons for the increase | Supporting the company's growth plan and strengthening its financial position |
| Number of Shares Granted per Exiting Share | One (1) share will be granted to each shareholder who owns two (2) shares. |
| Nature and Value of Reserves Used in the Capitalization | The increase will be through the capitalization of SAR 5,650,000 (five million six hundred and fifty thousand Saudi Riyals) from the retained earnings account. |
| Eligibility Date | Eligible Shareholders are Those Holding Shares in the Eligibility Date as per the Shareholders Registry at the Deposit Center at The End of The Second Working Day after Eligibility Date |
| Fractional Shares | In the event of fractional shares, these will be consolidated into a single portfolio for all shareholders and sold at market price. The proceeds will then be distributed to eligible shareholders according to their respective shares within a period not exceeding 30 days from the date of determining the shares due to each shareholder. |
| Approvals | The proposed grant is subject to obtaining the approval of the relevant regulatory authorities and the Extraordinary General Assembly for the increase in capital and the number of shares granted. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.