Naf Company for Feed for Industry’s fluctuation limits revised following share split

NAF
9644 -3.23% 4.20 -0.14

Riyadh – Mubasher: The Saudi Exchange (Tadawul) has announced the adjustment to the daily fluctuation limits related to Naf Company for Feed for Industry to be calculated based on a reference price of SAR 3.42 as of 25 June 2026.

The revised limits follow the formal approval of a forward share split by the company’s shareholders during an Extraordinary General Meeting (EGM) held on 24 June 2026, according to a bourse disclosure.

The modification of the trading parameters for Naf Company for Feed for Industry comes as a direct result of the corporate action ratified by the company's shareholders. During the EGM, the assembly voted in favor of a forward share split, a move that increases the total number of outstanding shares while proportionally reducing the nominal value per share.

Consequently, Tadawul has recalibrated the reference price to ensure that the market accurately reflects the new capital structure.

The adjusted price serves as the baseline for determining the upper and lower price boundaries within which the stock is permitted to trade during the session.

By resetting these limits, the exchange maintains an orderly trading environment, preventing volatility that could arise from the technical shift in the stock’s unit price.

In conjunction with the price adjustment, Tadawul announced the cancellation of all outstanding orders for Naf Company for Feed for Industry shares. This is a standard operational procedure following significant corporate actions such as share splits.

The cancellation ensures that previous orders, which were placed based on the pre-split valuation, do not execute at prices that are no longer aligned with the current market reality.

While the total market capitalization of the company remains unchanged by the split itself, the increase in the number of shares and the lower price per unit are typically intended to improve the stock's accessibility to a wider base of retail and institutional investors. This move is often associated with efforts to enhance liquidity and facilitate more efficient price discovery on the exchange.

Tadawul continues to oversee the implementation of these adjustments to ensure transparency and market integrity. Investors are advised to take note of the new reference price and the cancellation of prior orders as they prepare for the resumption of trading.

The company’s adherence to the regulatory requirements of the EGM and the subsequent exchange-led adjustments highlight the structured nature of capital market operations within Saudi Arabia.

Source: Mubasher Source: {{details.article.source}}