Saudi Arabia Capital Markets Authority (CMA) approved Munawla Cargo Company’s request to increase its capital from SAR 20,000,000 to SAR 30,000,000 through a bonus share issue funded from retained earnings. The increase will be effected by issuing one bonus share for every two existing shares held by shareholders registered in the shareholders registry at the Security Depository Center as of the close of the second trading day after a due date to be determined by the company’s board. SAR 10,000,000 will be transferred from retained earnings to share capital, increasing outstanding shares from 2,000,000 to 3,000,000. An extraordinary general assembly must be held within six months of the approval, and the company must satisfy all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2025-10-06
Saudi Arabia Capital Markets Authority approves Munawla Cargo capital increase to SAR 30 million via bonus share issue
The Saudi Arabia Capital Markets Authority approved Munawla Cargo Company's capital increase from SAR 20 million to SAR 30 million via a bonus share issue funded from retained earnings. This involves issuing one bonus share for every two existing shares, raising outstanding shares from 2 million to 3 million. An extraordinary general assembly must be held within six months, and all regulatory requirements must be met.