Riyadh – Mubasher: Development Works Food Company’s (DWF) board of directors has recommended a capital increase of 100% by issuing bonus shares.

The company will increase its capital to SAR 25 million from SAR 12.5 million, subject to the approval of the general assembly, according to a bourse statement on Wednesday.

Following the capital increase, the Tadawul-listed company’s shares will increase to 2.5 million shares from 1.25 million shares.