Almuneef shareholders also authorized board to distribute interim dividends for 2026
Almuneef Co. for Trade, Industry, Agriculture and Contractingsaid its shareholders approved50% capital increase by capitalizing SAR 19 million from the retained earnings, through a 1-for-2 bonus share distribution. 
This decision was taken during the extraordinary general meeting (EGM) held on June 29, the company said in a statement toTadawul.
Capital Increase Details
Current Capital
SAR 38 mln
Number of Shares
38 mln
New Capital
SAR 57 mln
New Number of Shares
57 mln
Percentage of Increase
50% (one bonus share for every two shares owned)
Reason
Strengthen the company’s strategic growth plan and future expansion needs as well as reaffirming its financial solvency and financial position.
Method
Capitalizing SAR 19 mln from the retained earnings
Record Date
June 29, 2026 (Shareholders registered with Edaa on the second trading day following the record date)
Fractional shares, if any, will be collected into one portfolio and sold at market price, then their value will be distributed among the eligible shareholders, on a pro rata basis, within 30 days maximum from the date of determining the shares due to each shareholder.
In addition, shareholders authorized the board to pay interim dividends on semiannual or quarterly basis for 2026.
Shareholders further approved an amendment to Article 4 of the company’s bylaws relating to the company’s objectives by adding the following business activities:
Activities Added to Almuneef’s Objectives
Section
Activity
Manufacturing
Manufacture of agricultural pesticides, fungicides, and herbicides
Manufacturing
Manufacture of pesticides and other agricultural chemical products
Administrative and Support Services
Building cleaning and other industrial cleaning activities
The company added that shareholders also approved a number of transactions and contracts with companies in which certain board members have direct or indirect interests.
Meanwhile, the Saudi Exchange (Tadawul) said that the fluctuation limits for the company’s shares were calculated based on a price of SAR 4.78 for today, June 30, and all existing orders have been cancelled.
The Securities Depository Center Co. (Edaa) will deposit the bonus shares into shareholders’ portfolios before the start of trading on July 2, 2026.
According to Argaam data, Almuneef’s last distributed a cash dividend of 25% of capital, or SAR 0.25 per share, in 2024.
Almuneef shareholders also authorized board to distribute interim dividends for 2026
Almuneef Co. for Trade, Industry, Agriculture and Contractingsaid its shareholders approved50% capital increase by capitalizing SAR 19 million from the retained earnings, through a 1-for-2 bonus share distribution.
This decision was taken during the extraordinary general meeting (EGM) held on June 29, the company said in a statement toTadawul.
Capital Increase Details
Current Capital
SAR 38 mln
Number of Shares
38 mln
New Capital
SAR 57 mln
New Number of Shares
57 mln
Percentage of Increase
50% (one bonus share for every two shares owned)
Reason
Strengthen the company’s strategic growth plan and future expansion needs as well as reaffirming its financial solvency and financial position.
Method
Capitalizing SAR 19 mln from the retained earnings
Record Date
June 29, 2026 (Shareholders registered with Edaa on the second trading day following the record date)
Fractional shares, if any, will be collected into one portfolio and sold at market price, then their value will be distributed among the eligible shareholders, on a pro rata basis, within 30 days maximum from the date of determining the shares due to each shareholder.
In addition, shareholders authorized the board to pay interim dividends on semiannual or quarterly basis for 2026.
Shareholders further approved an amendment to Article 4 of the company’s bylaws relating to the company’s objectives by adding the following business activities:
Activities Added to Almuneef’s Objectives
Section
Activity
Manufacturing
Manufacture of agricultural pesticides, fungicides, and herbicides
Manufacturing
Manufacture of pesticides and other agricultural chemical products
Administrative and Support Services
Building cleaning and other industrial cleaning activities
The company added that shareholders also approved a number of transactions and contracts with companies in which certain board members have direct or indirect interests.
Meanwhile, the Saudi Exchange (Tadawul) said that the fluctuation limits for the company’s shares were calculated based on a price of SAR 4.78 for today, June 30, and all existing orders have been cancelled.
The Securities Depository Center Co. (Edaa) will deposit the bonus shares into shareholders’ portfolios before the start of trading on July 2, 2026.
According to Argaam data, Almuneef’s last distributed a cash dividend of 25% of capital, or SAR 0.25 per share, in 2024.
