Logo ofNaseej International Trading Co.
Naseej International Trading Co. announced that its accumulated losses narrowed to 49.11% of its capital as on May 13, 2025, noting that accumulated losses currently stand at SAR 53.52 million. 
In a statement to Tadawul, the company indicated that the measures taken to slash accumulated losses included the sale of a building whose disposal will not affect operational activities, for a value of SAR 27 million and waiver of the leased land on which it was built, which led to generating a net profit of SAR 20.38 million.
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Given that sold process has caused the company’s accumulated losses to be reduced to below 50% of capital, Article 132 of the Companies Law and the procedures and instructions issued by the Capital Market Authority related to listed companies with accumulated losses reaching 50% or more of their share capital, will not apply to the company. However, the company notes that the procedures and instructions issued by CMA related to listed companies with accumulated losses reaching 20% or more of their share capital will continue to apply to the company.
According to data available with Argaam, Naseej incurred a net loss of SAR 8.6 million in Q1 2025, against a net profit of SAR 111,000 in the year-earlier period. The company’s accumulated losses amounted to SAR 69.69 million as on March 31, 2025, or 63.95% of capital.
To view the auditor’s report on the company’s financial position after accumulated losses reduction.
Logo ofNaseej International Trading Co.
Naseej International Trading Co. announced that its accumulated losses narrowed to 49.11% of its capital as on May 13, 2025, noting that accumulated losses currently stand at SAR 53.52 million.
In a statement to Tadawul, the company indicated that the measures taken to slash accumulated losses included the sale of a building whose disposal will not affect operational activities, for a value of SAR 27 million and waiver of the leased land on which it was built, which led to generating a net profit of SAR 20.38 million.
For more news on listed companies
Given that sold process has caused the company’s accumulated losses to be reduced to below 50% of capital, Article 132 of the Companies Law and the procedures and instructions issued by the Capital Market Authority related to listed companies with accumulated losses reaching 50% or more of their share capital, will not apply to the company. However, the company notes that the procedures and instructions issued by CMA related to listed companies with accumulated losses reaching 20% or more of their share capital will continue to apply to the company.
According to data available with Argaam, Naseej incurred a net loss of SAR 8.6 million in Q1 2025, against a net profit of SAR 111,000 in the year-earlier period. The company’s accumulated losses amounted to SAR 69.69 million as on March 31, 2025, or 63.95% of capital.
To view the auditor’s report on the company’s financial position after accumulated losses reduction.
