Logo of Naseej International Trading Co.

Naseej International Trading Co.'s shareholders will vote on the board’s recommendation to increase capital through a SAR 163.5 million rights offering, during an extraordinary general meeting to be held on Aug. 26, the company said in a statement to Tadawul.

 

Capital Hike Details

Current Capital

SAR 108.97 mln

Number of Shares

10.9 mln

Percentage of Increase

150%

New Capital

SAR 272.43 mln

New Number of Shares

27.24 mln

Reason

To enable settling financial dues and supporting future growth

Record Date

Aug. 26, 2026 (Shareholders registered with the Security Depository Center (Edaa) as of the close of the second trading day after the EGM).
 

This comes in accordance with the proposed plan to address the company’s accumulated losses after they reached half of its capital and to continue the company’s operations, pursuant to Article (132) of the Companies Law.

 

According to data available with Argaam, Naseej shareholders were scheduled to vote on the board’s recommendation, issued in July 2026, to increase the company's capital via a SAR 163.5 million rights issue to settle the company's financial obligations and support its future growth strategy.

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