Edaa implements capital hike on Munawla

Logo of Munawla Cargo Co.

The Securities Depository Center Co. (Edaa) applied the increase in the number of Munawla Cargo Co.’s shares to the accounts of eligible shareholders today, Oct. 28, according to a Tadawul statement.

On Oct. 23, the company's extraordinary general meeting approved the board’s recommendation to increase capital via a one-for-one bonus share distribution. The capital hike will be financed through capitalizing SAR 10 million from the retained earnings balance, according to data available on Argaam.