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Naseej Proposes Rights Issue to Cover Losses
Naseej International Trading Company announced the issuance of a rights issue to increase its capital by 150%, from 109 million SAR to 272.4 million SAR. This will be carried out through offering 16.34 million shares at a price of 10 SAR per share. The company's goal is to address its accumulated losses, which amount to 69.7 million SAR (63.97% of its capital), and to ensure its continuity. The proceeds will be directed towards reducing debts, accelerating investments, and improving the financial position. The increase will be put to a vote at the extraordinary general assembly meeting scheduled for July 22, 2026.
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