Saudi Arabia's Capital Market Authority approved Almuneef Company for Trade, Industry, Agriculture and Contracting's request to increase its capital from SAR 38 million to SAR 57 million by issuing one bonus share for every two existing shares, funded by transferring SAR 19 million from retained earnings, which will raise outstanding shares from 38 million to 57 million, with eligibility for shareholders registered at the Security Depository Center at the close of the second trading day after a due date to be set later by the company's board, while the extraordinary general assembly must be held within six months and the company must meet all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority2026-05-19
Saudi Arabia's Capital Market Authority approves Almuneef capital increase to SAR 57 million through one for two bonus shares
The Saudi Capital Markets Authority approved Almuneef Company’s capital increase from SAR 38 million to SAR 57 million via one bonus share for every two existing shares, funded by transferring SAR 19 million from retained earnings. Outstanding shares will rise from 38 million to 57 million, with eligibility for shareholders registered at the Securities Depository Center at the close of the second trading day after a due date set by the board, subject to an extraordinary general assembly within six months.