Naseej shareholders approve a 150% capital increase to SAR 272.43 mln through a rights issue
The move is part of a plan to address accumulated losses after reaching 50% of capital, as per Article 132 of the Companies Law, the company said in a statement on Tadawul. 
Key Capital Increase Details
Current capital
SAR 108.97 mln
Current shares
10.90 mln
Increase percentage
150%
Capital after increase
SAR 272.43 mln
Shares after increase
27.24 mln
Rights entitlement
1.5 shares for every existing share
Method
Rights issue of 16.35 mln ordinary shares
Issue price
SAR 10 per share
Purpose
To enable the company to settle financial obligations and support its future growth strategy
Record date
Aug. 26, 2026, for shareholders registered with Edaa at the end of the second trading day following the EGM
Shareholders also approved amendments to Articles 7 and 8 of the company’s bylaws relating to capital and share subscriptions, respectively.
For its part, the Saudi Stock Exchange (Tadawul) announced that the company’s stock fluctuation limit for Thursday, August 27, 2026, will be calculated based on a price of 16.24 riyals, and existing orders will be cancelled.
It was clarified that Naseej’s priority rights will be deposited into shareholders’ portfolios on Monday, Aug. 31.
Naseej shareholders approve a 150% capital increase to SAR 272.43 mln through a rights issue
The move is part of a plan to address accumulated losses after reaching 50% of capital, as per Article 132 of the Companies Law, the company said in a statement on Tadawul.
Key Capital Increase Details
Current capital
SAR 108.97 mln
Current shares
10.90 mln
Increase percentage
150%
Capital after increase
SAR 272.43 mln
Shares after increase
27.24 mln
Rights entitlement
1.5 shares for every existing share
Method
Rights issue of 16.35 mln ordinary shares
Issue price
SAR 10 per share
Purpose
To enable the company to settle financial obligations and support its future growth strategy
Record date
Aug. 26, 2026, for shareholders registered with Edaa at the end of the second trading day following the EGM
Shareholders also approved amendments to Articles 7 and 8 of the company’s bylaws relating to capital and share subscriptions, respectively.
For its part, the Saudi Stock Exchange (Tadawul) announced that the company’s stock fluctuation limit for Thursday, August 27, 2026, will be calculated based on a price of 16.24 riyals, and existing orders will be cancelled.
It was clarified that Naseej’s priority rights will be deposited into shareholders’ portfolios on Monday, Aug. 31.
