On July 6, 2026, Naseej International Trading Company announced a new corporate strategy aimed at achieving sustainable returns on shareholder equity by diversifying income sources and reducing reliance on the carpets and rugs sector. The strategy includes restructuring existing business activities for cost efficiency, establishing strategic partnerships, pursuing partial or full divestments, and gradually transitioning to a holding company structure that manages subsidiaries as Strategic Business Units (SBUs). The company also plans to leverage its main market listing status to evaluate and implement full or partial acquisitions in promising sectors to enhance business diversification and shareholder value. Implementation of the plan is set to commence at the beginning of 2027, with no significant financial impact anticipated at this stage; the company will disclose material developments as they arise in accordance with applicable regulations.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important 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.