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NAF suggests halving capital via free shares
The Board of Directors of Nafiq Animal Feed Industry Company has recommended increasing the company's capital by 50% through the distribution of free shares to shareholders, by capitalizing 10 million riyals from retained earnings. The purpose of this increase is to strengthen the capital base and support future expansion and growth plans, while improving the company's financial position and enabling it to invest its profits in expanding production capabilities. The increase will be executed by issuing one free share for every two shares held by eligible shareholders. The date of the extraordinary general assembly will be announced later after completing the necessary regulatory procedures.
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