Riyadh – Mubasher: Development Works Food Company will be granting its entitled shareholders one share for every five owned shares to increase the capital to SAR 30 million.
This volume is instead of granting three shares for every 10 existing shares to capitalise part of the statutory reserve and the retained profits, according to a bourse disclosure on Monday.
Development Works Food is trading on Tadawul’s parallel market Nomu, and had withdrawn its request to move to the main market last year.
Source: Mubasher
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