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Nasij plans rights issue to cover losses
Naseej International Trading Company announced the issuance of a Priority Rights Issue to increase its capital by 150%, from 108.97 million SAR to 272.43 million SAR, through offering 16.34 million shares at a price of 10 SAR per share. The company's goal is to address its accumulated losses of 69.7 million SAR, which represent 63.97% of its capital, using proceeds from the offering amounting to approximately 151.9 million SAR—of which 51.2% will be allocated to settle bank loans and 21.4% for real estate investments. This step is part of the company's efforts to restructure financially and improve liquidity, with an extraordinary general assembly meeting scheduled for July 22, 2026, to approve the increase and amend the company's articles of incorporation.
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