| Introduction | Al Munif Trading, Industry, Agriculture and Contracting Company announces that the Board of Directors, in its resolution dated 13/11/1447 AH (corresponding to 30/04/2026 AD), recommended to the Extraordinary General Assembly an increase in the company's capital by (50%) through the issuance of bonus shares by capitalizing an amount of (19,000,000) nineteen million riyals from retained earnings, by granting (1) bonus share for every (2) existing shares held by shareholders. |
| Date of Board Meeting | 2026-04-30 Corresponding to 1447-11-13 |
| Capital before increase | 38,000,000 |
| Capital after increase | 57,000,000 |
| Percentage of Capital increase | 50 % |
| Number of shares before Capital increase | 38000000 |
| Number of shares after Capital increase | 57000000 |
| Reasons for the increase | The company aims to use the capital increase to strengthen its strategic growth plan, meet its future expansion needs and aspirations, and emphasize its financial solvency and strong financial position. |
| Number of Shares Granted per Exiting Share | One (1) free share will be granted for every two (2) existing shares held by shareholders |
| Nature and Value of Reserves Used in the Capitalization | The increase will be made by capitalizing an amount of (19,000,000) nineteen 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, these will be consolidated into a single portfolio for all shareholders and sold at market price. The proceeds will then be distributed to eligible shareholders according to their respective shares 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. |
| Additional Information | nothing |
