Naseej Publishes Rights Issue Prospectus for SAR 163M
NASEEJ 1213.SA | 0.00 |
On June 30, 2026, Naseej International Trading Company announced the publication of its rights issue prospectus following Capital Market Authority approval on June 18, 2026. The company plans to raise 163,459,510 Saudi riyals through a rights offering to address accumulated losses that have reached half of its capital and to continue operations in compliance with Article 132 of the Companies Law. An Extraordinary General Assembly will be held on July 22, 2026, at 6:30 p.m. at the company's Jeddah Industrial Zone headquarters to vote on the capital increase and related amendments to the Articles of Association. The rights offering is contingent upon shareholder approval at this assembly meeting.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96525&anCat=1&cs=1213&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/7550_372_2026-06-30_14-40-28_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.