| 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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