Munawla shareholders to vote on 50% capital hike on Nov. 5

13/10/2025 Argaam- Nomu
Loo ofMunawla Cargo Co.

Loo of Munawla Cargo Co.

Shareholders of Munawla Cargo Co. will vote on a 50% capital increase, through a one-for-two bonus shares distribution by capitalizing SAR 10 million from the retained earnings balance, during the extraordinary general meeting (EGM) to be held on Nov. 5.
 

Capital Increase Details

Current Capital

SAR 20 mln

Current Number of Shares

2 mln

Percentage Increase

50% (one-for-two bonus issue)

Method

Capitalizing SAR 10 mln from retained earnings

New Capital

SAR 30 mln

New Number of Shares

3 mln

Reasons

Supporting the company’s strategic growth plan, meet future expansion needs, and reinforce its financial strength and solid position

Record Date

Nov. 5, 2025 (Shareholders registered with Edaa by the end of the second trading day following the record date)

 

Fractional shares, if any, will be aggregated into a single portfolio for all shareholders and sold at market price. The proceeds will be distributed to eligible shareholders on a pro rata basis within 30 days maximum from determining the entitlement to the new shares.

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