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Naseej shifts focus from carpet investments
Naseej International Trading Company announced that its Board of Directors has approved a comprehensive strategy to restructure its business model by diversifying its investment portfolio and reducing reliance on the carpet and rug activities as the main source of revenue. The strategy aims to build a balanced portfolio to enhance sustainable returns and increase capital value, with actual implementation beginning in early 2027. The plans include exploring strategic partnerships and assessing opportunities for partial or full divestment from some current activities to promote growth and diversify income sources.
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