Logo ofNaseej International Trading Co.
Naseej International Trading Co. announced the results of its rump offering and allocation of rights issue shares, with the offering covered 311.8% at the end of the subscription period. 
Subscription Coverage Details
Item
Details
No. of shares sold
2.96 mln shares
Total proceeds from the sale of unsubscribed shares
SAR 36.44 mln
Subscription coverage
311.8%
Average selling price of shares
SAR 12.28 per share
Net compensation proceeds to rights holders and fractional-share holders
SAR 6.78 mln
Date shares will be deposited into shareholders’ accounts
Sept. 27, 2026
The company said in a statement on Tadawul that it will receive the total offering price proceeds from the sale of the remaining shares, while the remaining proceeds, representing the amount above the offering price, will be distributed to eligible recipients according to their respective entitlements no later than Oct. 14.
According to Argaam data, the subscription period for Naseej’s rump rights issue offering ended on Sept. 17.
The company offered 16.35 million shares at SAR 10 each through a rights issue worth a total of SAR 163.46 million, to raise its capital from SAR 108.97 million to SAR 272.43 million.
The initial subscription coverage reached 81.85% of the total shares offered. Investors subscribed for 13.38 million of the 16.35 million new shares, raising SAR 133.8 million.
Logo ofNaseej International Trading Co.
Naseej International Trading Co. announced the results of its rump offering and allocation of rights issue shares, with the offering covered 311.8% at the end of the subscription period.
Subscription Coverage Details
Item
Details
No. of shares sold
2.96 mln shares
Total proceeds from the sale of unsubscribed shares
SAR 36.44 mln
Subscription coverage
311.8%
Average selling price of shares
SAR 12.28 per share
Net compensation proceeds to rights holders and fractional-share holders
SAR 6.78 mln
Date shares will be deposited into shareholders’ accounts
Sept. 27, 2026
The company said in a statement on Tadawul that it will receive the total offering price proceeds from the sale of the remaining shares, while the remaining proceeds, representing the amount above the offering price, will be distributed to eligible recipients according to their respective entitlements no later than Oct. 14.
According to Argaam data, the subscription period for Naseej’s rump rights issue offering ended on Sept. 17.
The company offered 16.35 million shares at SAR 10 each through a rights issue worth a total of SAR 163.46 million, to raise its capital from SAR 108.97 million to SAR 272.43 million.
The initial subscription coverage reached 81.85% of the total shares offered. Investors subscribed for 13.38 million of the 16.35 million new shares, raising SAR 133.8 million.
