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MINZ Shareholders Approve Capital Increase Funded by Retained Earnings

Sahmino Newsroom | 1 November 2026 | 11 days ago

MINZup1.8%5,680rials11 November

At an extraordinary general meeting on Sunday, November 1, 2026 (10 Aban 1405), shareholders of MINZ approved an increase in the company's capital from 58,717,719 million rials to 76,000,000 million rials, according to the Codal resolution. The 17,282,281 million rial increase, about 29%, is funded entirely from retained earnings, not new cash subscriptions.

The transaction increases the share count without requiring holders to pay new money to preserve their ownership percentage. The figures describe the assembly resolution, not final registration of the new capital with the company registrar.

Reference:CodalThe original report

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