Development Works Food Co. — Share Issue/Capital Change 2021

May 23, 2021

Addendum Announcement from Development Works Food Co. in regards to the Board of Director’s recommendation to increase the company's capital by granting bonus shares

6013 · 23/05/2021 15:53:14 · Announcement #63502 · View on Saudi Exchange

Addendum Announcement from Development Works Food Co. in regards to the Board of Director’s recommendation to increase the company's capital by granting bonus shares

Element List	Explanation
Introduction	Development Works Food Co announces that it is in addition to its announcement published on the Saudi Stock Exchange website (Tadawul) on September 27, 2020 AD, regarding the Board of Director’s recommendation to increase the company's capital by granting bonus shares, according to the company that the Board of Directors has decided in the meeting held on May 23, 2021 AD amending the recommendation of the Board of Directors for the extraordinary general assembly to increase the company's capital by granting shares in the amount of one share for every five shares instead of three shares for every ten shares by capitalizing part of the statutory reserve and the retained profits so that the capital becomes 30 million
Date of Posting the Previous Announcement of Development on Tadawul's Website	2020-09-27 Corresponding to 1442-02-10
URL of the Previous Announcement	Click Here
Change on the Development	increase the company's capital by granting shares in the amount of one share for every five shares instead of three shares for every ten shares
Financial Impact on the change	NA
Additional Information	Conditional on the approval of the official authorities and the extraordinary general assembly on the increase in the capital and the number of shares awarded

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