Naseej International Trading Company Announces its new Strategy

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Announcement Detail	Naseej International Trading Company hereby announces its new strategy, that aimed at achieving sustainable returns on shareholder equity through diversified outcome sources and by reducing reliance on the carpets and rugs sector as a primary activity, alongside a gradually transitioning toward establishing well-balanced, diversified investments. To execute this plan, the Board considers it essential to focus on the following: - · Restructuring existing business activities to improve cost efficiency and maximize the returns generated by each business activity. · Establishing successful partnerships with stakeholders (such as competitors or suppliers) and undertaking partial or full divestment from specific activities through the acceptance of total or partial acquisition bids, or offering them as future listing investment opportunities. · Gradually activating the holding company structure, and managing production, investment, and commercial units as Strategic Business Units (SBUs), to enhance operational efficiency, and reducing the resources under the direct management of the holding company. · Utilizing the company’s status as a listed company on the main market to evaluate and implement strategic opportunities for full or partial acquisitions in promising sectors, thereby supporting business diversification and enhancing shareholder value. · Continuously evaluating the performance of subsidiaries and ensuring timely decision-making for each unit to maximize company value and its shareholder rights. · Implementation of this plan will commence at the beginning of the upcoming year, 2027. The company would like to clarify that adopting this strategy currently does not have any significant financial impact, and the company will announce any significant developments or updates related to its implementation when the time comes, in accordance with the relevant rules and regulations.

Element List

Explanation

Announcement Detail

Naseej International Trading Company hereby announces its new strategy, that aimed at achieving sustainable returns on shareholder equity through diversified outcome sources and by reducing reliance on the carpets and rugs sector as a primary activity, alongside a gradually transitioning toward establishing well-balanced, diversified investments. To execute this plan, the Board considers it essential to focus on the following: - · Restructuring existing business activities to improve cost efficiency and maximize the returns generated by each business activity. · Establishing successful partnerships with stakeholders (such as competitors or suppliers) and undertaking partial or full divestment from specific activities through the acceptance of total or partial acquisition bids, or offering them as future listing investment opportunities. · Gradually activating the holding company structure, and managing production, investment, and commercial units as Strategic Business Units (SBUs), to enhance operational efficiency, and reducing the resources under the direct management of the holding company. · Utilizing the company’s status as a listed company on the main market to evaluate and implement strategic opportunities for full or partial acquisitions in promising sectors, thereby supporting business diversification and enhancing shareholder value. · Continuously evaluating the performance of subsidiaries and ensuring timely decision-making for each unit to maximize company value and its shareholder rights. · Implementation of this plan will commence at the beginning of the upcoming year, 2027. The company would like to clarify that adopting this strategy currently does not have any significant financial impact, and the company will announce any significant developments or updates related to its implementation when the time comes, in accordance with the relevant rules and regulations.