Naseej EGM to Vote on SAR 163M Rights Issue
NASEEJ 1213.SA | 0.00 |
Naseej International Trading Company announced on July 23, 2026 that its Board of Directors is inviting shareholders to attend an Extraordinary General Assembly Meeting (Third Meeting) scheduled for August 26, 2026 at 6:30 PM, to be held both in-person at the company's head office in Jeddah Industrial Area and via modern technology means. The primary agenda item is a vote on the Board's recommendation to increase the company's capital by SAR 163,459,510 through a rights issue, pursuant to Article (132) of the Companies Law, in response to accumulated losses reaching half of the company's capital. The capital increase aims to settle the company's financial obligations and support its future growth strategy, and if approved, will also entail amendments to Articles (7) and (8) of the Company's Articles of Association relating to capital and share subscription. Remote e-voting will be available via Tadawulaty starting August 22, 2026.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96966&anCat=1&cs=1213&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/7550_372_2026-07-23_15-53-11_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/7550_372_2026-07-23_16-14-04_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/7550_372_2026-07-23_16-14-02_en.pdfImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
