Saudi Arabia’s Capital Markets Authority has approved Naseej for Technology Company’s request to increase its share capital from SAR 50,000,000 to SAR 77,250,000 by issuing bonus shares. The increase will be implemented by issuing one bonus share for every two existing shares held by shareholders registered in the shareholders registry at the Security Depository Center as of the close of the second trading day after the due date, which will be set later by the company’s board. The capital increase will be funded through the transfer of SAR 27,250,000 from the company’s retained earnings to share capital, raising outstanding shares from 5,000,000 to 7,725,000 (an increase of 2,725,000 shares). An extraordinary general assembly must be held within six months of the approval, and the company must meet all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2026-02-24
Saudi Arabia Capital Markets Authority approves Naseej for Technology bonus-share capital increase to SAR 77.25 million
Saudi Arabia's Capital Markets Authority approved Naseej for Technology Company's request to increase its share capital from SAR 50 million to SAR 77.25 million by issuing bonus shares. The increase will be funded by transferring SAR 27.25 million from retained earnings, raising shares from 5 million to 7.725 million. An extraordinary general assembly must be held within six months, and the company must comply with all regulatory requirements.