Logo ofNaseej International Trading Co.
Naseej International Trading Co. announced the prospectus for its capital increase through a SAR 163.5 million rights offering. 
The company plans to offer about 16.35 million shares at SAR 10 each, to increase capital by 150% from SAR 108.97 million to SAR 272.43 million.
The Capital Market Authority (CMA) approved earlier this month Naseej’s capital top-up request, as per Argaam‘s data.
The company’s shareholders will vote on the 150% capital hike transaction during an extraordinary general meeting to be held on July 22.
Capital Increase Details
Current Capital
SAR 108.97 mln
No. of Shares
10.9 mln
New Capital
SAR 272.43 mln
New Number of Shares
27.24 mln
Percentage Increase
150%
Par Value
SAR 10
Rights Issue Details
Offered Shares
16.35 mln
Offering Price
SAR 10
Issue Size
SAR 163.5 mln
Eligibility Ratio
Each eligible shareholder will have the right to subscribe to 1.5 shares per each owned share.
Offering Proceeds (SARmln)
Loan repayment and settlement
83.72
Payment of suppliers and outstanding expenses
18.19
Development of workers’ accommodation building
15
Investment in the real estate sector
35
Offering expenses
11.55
Total
163.46
Logo ofNaseej International Trading Co.
Naseej International Trading Co. announced the prospectus for its capital increase through a SAR 163.5 million rights offering.
The company plans to offer about 16.35 million shares at SAR 10 each, to increase capital by 150% from SAR 108.97 million to SAR 272.43 million.
The Capital Market Authority (CMA) approved earlier this month Naseej’s capital top-up request, as per Argaam‘s data.
The company’s shareholders will vote on the 150% capital hike transaction during an extraordinary general meeting to be held on July 22.
Capital Increase Details
Current Capital
SAR 108.97 mln
No. of Shares
10.9 mln
New Capital
SAR 272.43 mln
New Number of Shares
27.24 mln
Percentage Increase
150%
Par Value
SAR 10
Rights Issue Details
Offered Shares
16.35 mln
Offering Price
SAR 10
Issue Size
SAR 163.5 mln
Eligibility Ratio
Each eligible shareholder will have the right to subscribe to 1.5 shares per each owned share.
Offering Proceeds (SARmln)
Loan repayment and settlement
83.72
Payment of suppliers and outstanding expenses
18.19
Development of workers’ accommodation building
15
Investment in the real estate sector
35
Offering expenses
11.55
Total
163.46
