Logo ofNaseej International Trading Co.
In a Tadawul statement today, Aug. 14, the company said it will increase capital through the issuance of new shares worth SAR 552 million to Etmam shareholders. 
For more news and details on MAs
Naseej will announce any developments regarding the transaction, in accordance with the relevant laws and instructions.
According to data available with Argaam, Naseej signed in March 2024 a non-binding memorandum of understanding (MoU) with Etmam to fully acquire the latter’s shares, upon reaching a final agreement between the two parties.
In February 2025, Naseej signed a sale and purchase agreement (SPA) withEtmam shareholders to acquire 100% of the latter’s share capital, through a share swap. Naseej is to issue approximately 6.3 million new shares to Etmam’s shareholders,as shown in the table below:
Details
Current Capital
SAR 108.97 mln
No. of Shares
SAR 10.9 mln
Capital Hike Value
SAR 63.01 mln
Percentage Increase (%)
57.8%
New Capital
SAR 171.99 mln
New Number of Shares
17.2 mln
Naseej’s Post-Share Swap
Ownership in Etmam Arabia
100%
Ownership of Shareholders Granted
New Shares Upon Acquisition Completion
36.6%
In a statement toTadawul, Naseej said the 100% stake to be purchased in Etmam Arabia is valued at SAR 552 million.
Logo ofNaseej International Trading Co.
In a Tadawul statement today, Aug. 14, the company said it will increase capital through the issuance of new shares worth SAR 552 million to Etmam shareholders.
For more news and details on MAs
Naseej will announce any developments regarding the transaction, in accordance with the relevant laws and instructions.
According to data available with Argaam, Naseej signed in March 2024 a non-binding memorandum of understanding (MoU) with Etmam to fully acquire the latter’s shares, upon reaching a final agreement between the two parties.
In February 2025, Naseej signed a sale and purchase agreement (SPA) withEtmam shareholders to acquire 100% of the latter’s share capital, through a share swap. Naseej is to issue approximately 6.3 million new shares to Etmam’s shareholders,as shown in the table below:
Details
Current Capital
SAR 108.97 mln
No. of Shares
SAR 10.9 mln
Capital Hike Value
SAR 63.01 mln
Percentage Increase (%)
57.8%
New Capital
SAR 171.99 mln
New Number of Shares
17.2 mln
Naseej’s Post-Share Swap
Ownership in Etmam Arabia
100%
Ownership of Shareholders Granted
New Shares Upon Acquisition Completion
36.6%
In a statement toTadawul, Naseej said the 100% stake to be purchased in Etmam Arabia is valued at SAR 552 million.
