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Naseej shares surge on capital increase
Naseej International Trading Company announced a call for its shareholders to vote on increasing its capital by 163.46 million SAR, aimed at addressing accumulated losses and supporting its financial position. Following the announcement, the company's stock surged by 9.94% to reach 25.44 SAR, marking its highest trading level, amid high trading activity and a clear buying trend. This move is part of the company's plan to enhance liquidity, improve its financial health, and ensure the continuity of its operations.
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