The Saudi Capital Market Authority approved Naseej International Trading Company's request to increase its capital through a rights issue worth SAR 163,459,510. The approval follows the regulator's review of the application against the applicable regulatory requirements and the quantitative and qualitative criteria for capital increase requests. Eligibility for the increase will be limited to shareholders recorded in the Security Depository Center's register at the close of the second trading day after the extraordinary general assembly meeting, with the meeting date to be set later by the company's board. The offering price and the number of shares to be offered for subscription will be determined by the company after market close on the day the extraordinary general assembly meeting is held. The rights issue prospectus will be published later. The authority also noted that its approval reflects compliance with legal requirements under the Capital Market Law and its Implementing Regulations and should not be treated as a recommendation to subscribe or invest.
Saudi Arabia Capital Markets Authority2026-06-18
Saudi Capital Market Authority approves Naseej International Trading Company's SAR 163459510 rights issue capital increase
The Saudi Capital Market Authority approved Naseej International Trading Company's SAR 163,459,510 capital increase through a rights issue. The offer will be limited to eligible shareholders on record after the extraordinary general assembly meeting, while the subscription price, share count and prospectus will be set or published later. The authority said its approval confirms legal compliance and is not an investment recommendation.