Nasij establishes deadlines for trading rights and share subscription

Naseej Alamiya Al-Tijariya Company announced the final dates for trading priority rights and subscribing to the new shares as part of its plan to increase capital by 150%, through the issuance of 16.34 million shares with a nominal value of 10 riyals per share. The deadline for trading the priority rights is September 8, 2026, while the subscription period continues until September 13, 2026. This issuance aims to fund the settlement of bank obligations and strategic expansions in both the industrial and real estate sectors, following the extraordinary general assembly’s approval to increase capital from 108.97 million riyals to 272.43 million riyals. The expected net proceeds from the offering amount to approximately 151.9 million riyals, most of which (51.2%) will be used to repay bank loans, 21.4% for investments in the real estate sector, and the remaining funds will go toward paying suppliers and developing worker housing, with the goal of improving liquidity and reducing costs that have impacted financial performance. The company faces profitability challenges, as its accumulated losses reached about 69.7 million riyals by the end of September 2025. Therefore, increasing capital is a necessary step to enhance revenues and address the losses.

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