Zahrat Al Waha Trading Company announces the payment of the final installment of the long-term loan it obtained on August 27, 2023, from the Saudi Industrial Development Fund, in the amount of 40 million riyals, which was intended to finance working capital.

This initiative is part of the company’s plan to repay all long-term loans and rely on self-financing from the company’s cash to fund capital expansions and long-term working capital requirements. The goal is to reduce long-term liabilities, increase the company’s financial solvency, reduce financing costs, and improve profitability. This plan, which the company has adopted for years, involves repaying all long-term loans with local banks.

Zahrat Al Waha for Trading Co. announces the recommendation of the Board of Directors to the Extraordinary General Assembly of the company in its meeting held on August 19, 2025, corresponding to Safar 25, 1447, to split the nominal value of the share from ten (10) ten riyals per share to (1) one riyal per share. Thus, the number of the company’s shares will become (225,000,000) shares instead of (22,500,000) shares, with the company’s commitment to complete the necessary related procedures and receive the approval of the Extraordinary General Assembly.

The company will announce related developments in the future.

The Ordinary General Assembly meeting was held remotely through contemporary technology from the Company’s office in Riyadh, Rabwah District, Al-Ahsa Street, Building No. 7449, Unit No. 1, on Sunday, 10/08/2025, corresponding to 16/02/1447 H, and the percentage of attending shareholders was 56.13%.

Voting Results on the Items of the General Assembly’s Meeting Agenda