Al Muneef Family Approves 50% Capital Rise

Al Munif Company for Trade, Industry, Agriculture, and Contracting has agreed to increase its capital by 50%, from 38 million Riyals to 57 million Riyals, through the issuance of bonus shares. These shares will be distributed at a rate of one free share for every two existing shares, aimed at supporting expansion plans and strengthening the capital base. Additionally, the shareholders approved amending the company's financial regulations, approved the reports for the fiscal year 2025, appointed a new auditor, and authorized the Board of Directors to distribute profits during 2026.

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