Logo of Naseej for Technology Co. (Naseej Tech)
Shareholders of Naseej for Technology Co. (Naseej Tech) approved a board proposal to increase the company’s capital by 54.5% from SAR 50 million to SAR 77.25 million during an extraordinary general meeting held on May 18. 
In a statement to Tadawul, the company said the capital increase will be implemented through a one-for-two bonus share distribution.
Capital Increase Details
Current Capital
SAR 50 mln
No. of Shares
5 mln
Percentage Increase
54.5% (one-for-two bonus issue)
New Capital
SAR 77.25 mln
New No. of Shares
7.73 mln
Method
Capitalizing SAR 27.25 mln from retained earnings as follows: 1- One bonus share will be granted for every two shares held, an increase of SAR 25 mln or 2.5 mln shares, representing 50% of pre-increase capital.
2- A total of 225,000 shares will be allocated as part of the new shares resulting from the planned capital increase to be held as treasury shares for the ESIP under the long-term incentive plan with a total of SAR 2.25 mln or 4.5% of pre-increase capital.
Allocated Reserves
Capitalizing SAR 27.25 mln from retained earnings
Record Date
May 18, 2026, including shareholders owning the shares on record date in the register of shareholders at Edaa by the end of second trading day after record date
Reason
To support the company’s growth of its strategy, strengthen the capital base and bolster its financial position to implement its future plans and activities, thereby enabling expansion while maximizing shareholder returns.
Fractional shares will be aggregated into a single portfolio for all shareholders and sold at market price, with proceeds distributed to eligible shareholders on a pro rata basis within a maximum of 30 days.
Shareholders also approved the employee stock program and authorized the board to determine its terms, including the allocation price for shares offered to employees, if applicable.
In addition, the meeting approved the board’s recommendation not to distribute cash dividends for 2025.
Logo of Naseej for Technology Co. (Naseej Tech)
Shareholders of Naseej for Technology Co. (Naseej Tech) approved a board proposal to increase the company’s capital by 54.5% from SAR 50 million to SAR 77.25 million during an extraordinary general meeting held on May 18.
In a statement to Tadawul, the company said the capital increase will be implemented through a one-for-two bonus share distribution.
Capital Increase Details
Current Capital
SAR 50 mln
No. of Shares
5 mln
Percentage Increase
54.5% (one-for-two bonus issue)
New Capital
SAR 77.25 mln
New No. of Shares
7.73 mln
Method
Capitalizing SAR 27.25 mln from retained earnings as follows: 1- One bonus share will be granted for every two shares held, an increase of SAR 25 mln or 2.5 mln shares, representing 50% of pre-increase capital.
2- A total of 225,000 shares will be allocated as part of the new shares resulting from the planned capital increase to be held as treasury shares for the ESIP under the long-term incentive plan with a total of SAR 2.25 mln or 4.5% of pre-increase capital.
Allocated Reserves
Capitalizing SAR 27.25 mln from retained earnings
Record Date
May 18, 2026, including shareholders owning the shares on record date in the register of shareholders at Edaa by the end of second trading day after record date
Reason
To support the company’s growth of its strategy, strengthen the capital base and bolster its financial position to implement its future plans and activities, thereby enabling expansion while maximizing shareholder returns.
Fractional shares will be aggregated into a single portfolio for all shareholders and sold at market price, with proceeds distributed to eligible shareholders on a pro rata basis within a maximum of 30 days.
Shareholders also approved the employee stock program and authorized the board to determine its terms, including the allocation price for shares offered to employees, if applicable.
In addition, the meeting approved the board’s recommendation not to distribute cash dividends for 2025.
