Naseej board issues recommendations to address accumulated losses

11/05/2025 Argaam
Logo of Naseej for Technology Co. (Naseej Tech)

Logo of Naseej for Technology Co. (Naseej Tech)

The board of directors of Naseej International Trading Co. issued recommendations to address accumulated losses, according to a statement to Tadawul today, May 11.

 

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The company plans to explore strategic options, including the acquisition of ITMAM Consulting Co. through a signed sale and purchase agreement, in addition to the disposal of non-core assets with minimal disruption. It also aims to increase sales and cut expenses.

 

Naseej's accumulated losses reached SAR 69.69 million as of March 31, 2025, equal to 63.95% of its capital, according to Argaam’s data.

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