The Authority's Approval of Al Munaif Trading, Industry, Agriculture and Contracting Company's Request to Increase Its Capital by Granting Bonus Shares

موافقة الهيئة على طلب شركة آل منيف للتجارة والصناعة والزراعة والمقاولات زيادة رأس مالها عن طريق منح أسهم مجانية

The Capital Market Authority approved a request by Al Munaif Trading, Industry, Agriculture and Contracting Company to increase its capital from SAR 38,000,000 to SAR 57,000,000 through a bonus share issue of one new share for every two held. The SAR 19,000,000 increase will be funded by transferring that amount from retained earnings, raising the share count from 38,000,000 to 57,000,000 shares. The company's extraordinary general assembly must convene within six months of the approval date, and the company must complete the related regulatory procedures.

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