CMA approves Naseej Tech’s 54.5% capital hike via bonus shares

Logo of Naseej for Technology Co.

The Capital Market Authority (CMA) approved Naseej for Technology Co.’s (Naseej Tech) application to raise its capital from SAR 50 million to SAR 77.25 million, the market regulator said in a statement.

The CMA said the planned capital hike will be carried out via a 1-for-2 bonus share distribution.

Eligibility for the bonus issue will be for shareholders registered with the Securities Depository Center (Edaa) by the end of the second trading day following the record date, which will be determined later by the company’s board of directors.

The proposed capital increase will be funded by capitalizing SAR 27.25 million from retained earnings. Accordingly, the number of shares will rise from five million to 7.73 million.

The CMA added that the deciding extraordinary general meeting (EGM) should be held within six months from this approval, provided all regulatory requirements and applicable laws are satisfied.

According to Argaam’s data, Naseej Tech’s board of directors recommended, on Nov. 4, 2025, a 54.5% capital increase from SAR 50 million to SAR 77.25 million via a bonus issue. Further, it decided to allocate 225,000 new shares as treasury shares for the employee incentive stock plan (ESIP) under the long-term incentive plan.