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Nasij Announces Deadlines for Trading and Subscriptions
Naseej International Trading Company has issued a notice regarding the dates for trading rights and subscription to new shares. This is part of a plan to increase the company's capital by 150%, through the issuance of 16.34 million shares at a price of 10 riyals per share. The funds raised are intended primarily to settle bank commitments and support strategic expansion in the industrial and real estate sectors, following the General Assembly's approval to raise capital from 108.97 million riyals to 272.43 million riyals. The proceeds will mainly be used to pay off loans (51.2%), develop the real estate sector (21.4%), and improve liquidity while reducing costs. This move comes amid declining profits and accumulated losses, which reached 69.7 million riyals as of September 2025.
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