Logo of Nofoth Food Products Co.
Nofoth Food Products Co.’s board of directors recommended, on March 4, a 100% capital top-up, through distributing one bonus share for every share held.
|
Capital Increase Details |
|
|
Current Capital |
SAR 48 mln |
|
Number of Shares |
48 mln |
|
Percentage of Increase |
100% |
|
New Capital |
SAR 96 mln |
|
New Number of Shares |
96 mln |
|
Method |
1-for-1 bonus issue |
|
Capitalization |
Capitalizing SAR 48 mln from retained earnings |
|
Record Date |
Shareholders registered with Edaa by the close of the second trading day following the general meeting. |
|
Reason |
Strengthen financial position, support growth plans and maximizing shareholder returns through business growth and capitalizing on available opportunities in the food sector. |
Fractional shares, if any, will be compiled into one portfolio for all shareholders and will be offered at market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum, according to a statement to Tadawul.
The decision is conditional on approvals from competent authorities and shareholders.
In a separate statement to Tadawul, Nofoth said its board of directors proposed the payment of a 25% cash dividend (SAR 0.25 a share) for 2024.
|
Dividends (2024) |
|
|
Current Capital |
SAR 48 mln |
|
Number of Shares* |
48 mln |
|
Nominal Value |
SAR 1 a share |
|
Total Dividends |
SAR 11.91 mln |
|
Payout Ratio |
25% (SAR 0.25 a share) |
|
Record Date |
Shareholders of record and registered with Edaa by the close of the second trading day following the general meeting. |
|
Payment Date |
To be announced later |
*No. of eligible shares is 47.63 million.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}