Almuneef Proposes 50% Capital Increase via Bonus Shares
ALMUNEEF 9569.SA | 0.00 |
On June 8, 2026, Almuneef Company for Trade, Industry, Agriculture and Contracting announced an Extraordinary General Assembly meeting scheduled for June 29, 2026, at 7:10 PM via modern technology from their Riyadh headquarters. The primary agenda item involves voting on a 50% capital increase through bonus shares, raising the company's capital from SAR 38,000,000 to SAR 57,000,000 by capitalizing SAR 19,000,000 from retained earnings, with shareholders receiving one bonus share for every two existing shares held. The meeting will also address various related-party transactions totaling several million riyals with companies where board members have interests, amendments to the company's Articles of Association, and standard corporate governance matters including auditor appointments and dividend authorization for 2026.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95943&anCat=1&cs=9569&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/16290_4446_2026-06-08_15-45-27_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/16290_4446_2026-06-08_15-53-00_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/16290_4446_2026-06-08_15-53-07_en.pdfImportant 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.