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Naf Co. for Feed for Industry Targets Capital Increase Through Bonus Share Issuance

MT Newswires·08/17/2026 01:31:42
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01:31 AM EDT, 08/17/2026 (MT Newswires) -- Naf Co. for Feed for Industry's (SASE:9644) board proposed a 50% capital increase through the issuance of one bonus share for every two shares held. The Tadawul-listed animal feed producer will capitalize 10 million Saudi riyals from retained earnings to implement the capital increase, according to a Monday release. Pending approval by regulators and the extraordinary general assembly, the capital increase is expected to bolster Naf's finances and facilitate its expansion.