Element List	Explanation
Introduction	Munawla Cargo Company announces the Board of Directors’ decision dated 03-12-1447 AH corresponding to 09-04-2025 AD to approve the increase of the company’s capital by granting free shares through capitalizing an amount of (10,000,000) ten million riyals from the retained earnings account by granting (1) free share for every (2) share owned by shareholders.
Date of Board Meeting	2025-09-04 Corresponding to 1447-03-12
Capital before increase	20000000
Capital after increase	30000000
Percentage of Capital increase	50 %
Number of shares before Capital increase	2000000
Number of shares after Capital increase	3000000
Reasons for the increase	The company aims to increase its capital to support its strategic growth plan, future expansion needs and aspirations, and to confirm its financial solvency and strong financial position
Number of Shares Granted per Exiting Share	One (1) share will be granted to each shareholder who owns two (2) shares
Nature and Value of Reserves Used in the Capitalization	The increase will be made by capitalizing an amount of (10,000,000) ten million riyals from the retained earnings account
Eligibility Date	Eligible Shareholders are Those Holding Shares in the Eligibility Date as per the Shareholders Registry at the Deposit Center at The End of The Second Working Day after Eligibility Date
Fractional Shares	In the event of fractional shares, the fractions will be collected in one portfolio for all shareholders and sold at the market price, then their value will be distributed to the shareholders entitled to the bonus, each according to their share, within a period not exceeding 30 days from the date of determining the shares due to each shareholder
Approvals	The grant is conditional upon obtaining the approvals of the official authorities and the extraordinary general assembly for the increase in capital and the number of shares granted