AI Summary
Logo of Munawla Cargo Co.
Munawla Cargo Co.’s board of directors decided today, Sept. 4, to pay a cash dividend at 7.5% of capital, or SAR 0.75 a share, for H1 2025, according to a statement to Tadawul.
In a separate statement, the company announced that its board recommended capital increase by 50% through bonus share distribution at one share per each two owned shares, to be financed from capitalizing SAR 10 million from the retained earnings balance.
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Capital Increase Details |
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Current Capital |
SAR 20 mln |
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Number of Shares |
2 mln |
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Percentage of Capital Increase |
50% (one share for every 2 shares held) |
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Method |
Capitalizing SAR 10 million from retained earnings |
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New Capital |
SAR 30 mln |
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New Number of Shares |
3 mln shares |
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Reason |
Strengthen the company's strategic growth plan and future expansion needs well as reaffirming its financial solvency and financial position. |
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Record Date |
Shareholders owning the shares on record date in the register of shareholders at Edaa by the end of second trading day after record date. |
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Dividend Details (H1 2025) |
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Current Capital |
SAR 20 mln |
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Number of Shares |
2 mln |
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Total Dividend |
SAR 1.5 mln |
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Distribution Ratio (%) |
7.5% (SAR 0.75 per share) |
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Record Date |
Sept 18, 2025 |
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Payment date |
Sept. 28, 2025 |
In the case of any bonus shares having fractions, these will be collected into one investment portfolio and will then be sold at market price within 30 days from the date of determining the allotment of new shares to each shareholder, the company added.
The capital increase is subject to the approval of the competent authorities as well as the company's extraordinary general meeting (EGM).
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