On June 30, 2026, Almuneef Company for Trade, Industry, Agriculture and Contracting announced the results of its Extraordinary General Assembly meeting held on June 29, 2026, with 87.25% shareholder attendance. The assembly approved a 50% capital increase through bonus shares, raising the company's capital from SAR 38 million to SAR 57 million by capitalizing SAR 19 million from retained earnings, with shareholders receiving one free share for every two existing shares owned. The meeting also approved the appointment of Al-Ayouti & Partners as auditors for SAR 420,000, authorized the Board to distribute interim dividends for fiscal year 2026, and ratified various related-party transactions totaling over SAR 6 million conducted during 2025. Additional approvals included amendments to company bylaws, remuneration policies, and committee regulations to support the company's strategic growth plan and future expansion needs.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.