| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement by Naseej International Trading Company (“the Company”) on the Tadawul website on 10/07/1447 AH (corresponding to 30/12/2025 AD) regarding the Company’s submission of an application to the Capital Market Authority for approval of a capital increase through a rights offering. Naseej International Trading Company (the “Company”) announces that the Capital Market Authority issued a decision on 03/01/1448 AH (corresponding to 18/06/2026 AD) approving the request to increase the Company’s capital through the offering of rights shares in the amount of 163,459,510 Saudi riyals . It should be noted that this approval is conditional upon obtaining the approval of the Extraordinary General Assembly for the capital increase and the completion of the relevant regulatory procedures and requirements. |
| Date of Announcing the Application on Saudi Exchange’s Website | 2025-12-30 Corresponding to 1447-07-10 |
| Date of Submitting the File | 2025-12-30 Corresponding to 1447-07-10 |
| Application Status at CMA | On 03/01/1448H (corresponding to 18/06/2026G), the Capital Market Authority issued a decision approving the company’s request to increase its capital through a rights offering of 163,459,510 Saudi riyals, Eligibility shall be limited to shareholders listed in the company’s shareholder register with the Securities Depository Center (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly meeting that approves the capital increase through the offering of rights shares, the date of which will be announced at a later time. |
| Other Substantial Updates | The Capital Market Authority issued its approval after the company addressed all observations and requirements related to the capital increase proposal. The company will now complete the necessary procedures, including publishing the prospectus for the rights offering and issuing a notice of the extraordinary general meeting regarding the capital increase. |
Naseej International Trading Company announces updates regarding its application file to increase the capital through a rights issue submitted to the Capital Market Authority
AI Summary
- The Capital Market Authority (CMA) approved the company’s request to increase its capital by 163,459,510 Saudi riyals through a rights issue.
- The approval is conditional upon obtaining approval from the Extraordinary General Assembly (EGM) and completing remaining regulatory requirements.
- Eligibility for the rights shares will be for shareholders registered at the end of the second trading day following the date of the upcoming EGM.
- The company will proceed with publishing the offering prospectus and announcing the date for the EGM to vote on the capital increase.
