Naseej issues prospectus for rights offering

Logo of Naseej International Trading Co.

Naseej International Trading Co. announced the prospectus for its capital increase through a SAR 163.5 million rights offering.

 

The company plans to offer about 16.35 million shares at SAR 10 each, to increase capital by 150% from SAR 108.97 million to SAR 272.43 million.

 

The Capital Market Authority (CMA) approved earlier this month Naseej’s capital top-up request, as per Argaam's data.

 

The company's shareholders will vote on the 150% capital hike transaction during an extraordinary general meeting to be held on July 22.

 

Capital Increase Details

Current Capital

SAR 108.97 mln

No. of Shares

10.9 mln

New Capital

SAR 272.43 mln

New Number of Shares

27.24 mln

Percentage Increase

150%

Par Value

SAR 10
 

Rights Issue Details

Offered Shares

16.35 mln

Offering Price

SAR 10

Issue Size

SAR 163.5 mln

Eligibility Ratio

Each eligible shareholder will have the right to subscribe to 1.5 shares per each owned share.

Offering Proceeds (SAR mln)

Loan repayment and settlement

83.72

Payment of suppliers and outstanding expenses

18.19

Development of workers' accommodation building

15

Investment in the real estate sector

35

Offering expenses

11.55

Total

163.46

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request