Nasij begins rights trading and new share issue
Naseej International Trading Company has announced the start of the rights issue trading period and the subscription for new shares aimed at increasing its capital by 150%. The rights trading period will commence on September 1, 2026, and end on September 8, while the subscription period will continue until September 13, with the goal of raising approximately 163.46 million Saudi riyals. The company will issue 16.34 million shares at a price of 10 riyals per share, which will raise its capital from 108.97 million riyals to 272.43 million riyals, and increase the number of shares from 10.89 million to 27.24 million. A significant portion of the proceeds will be allocated to settling debts and supporting expansions in the industrial and real estate sectors, as well as for developing buildings and settling dues. This move is part of their efforts to improve their financial position after accumulated losses totaling 69.7 million riyals, with a focus on increasing liquidity and improving the debt-to-equity ratio.
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