The Saudi Arabia 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 clears the company to proceed with the capital increase, subject to the terms set out for the offering and the later publication of the prospectus. Eligibility for the rights issue will be limited to shareholders registered in the shareholders' registry at the Securities Depository Center at the close of the second trading day after the extraordinary general assembly meeting. The company's board will determine the date of that meeting later. The offering price and the number of shares offered for subscription will be set by the company after market close on the same day the extraordinary general assembly meeting is held. The authority said it approved the request after reviewing it against applicable regulatory requirements and the quantitative and qualitative criteria for capital increase applications. The rights issue prospectus will be published at a later date. The authority also stated that its approval should not be treated as a recommendation to participate in the offering or invest in the company's shares, but only as confirmation that the legal requirements under the Capital Market Law and its implementing regulations have been met.
Saudi Arabia Capital Markets Authority2026-06-18
Saudi Arabia Capital Market Authority approves Naseej International Trading rights issue to raise SAR 163.46 million
The Saudi Arabia Capital Market Authority approved Naseej International Trading Company's capital increase through a SAR 163,459,510 rights issue. Subscription rights will be limited to eligible shareholders recorded after the extraordinary general assembly meeting, while the offering price and share count will be set on the day of that meeting. The prospectus will be published later.