‎Naseej’s rights trading period ends today

‎<p><img src="https://argaamplus.s3.amazonaws.com/5ba497a0-06f7-4f3a-ada4-8c2ae2230785.png" ></p> <p class="ckeCaption" >Logo ofNaseej International Trading Co.</p> <hr> <p ><a href="http://www.argaam.com/en/tadawul/tasi/naseej" target="_blank">Naseej International Trading Co.</a> announced today, Sep. 8, the end of its rights trading period as it seeks to increase its capital from SAR 108.97 million to SAR 272.43 million.</p> <p ></p> <p >The company’s rights trading and subscription period began on Sep. 1, with the subscription period set to continue until Sep. 13.</p> <p ></p> <p >Eligible rights holders may exercise their subscription rights, either in full or in part, to subscribe to the new shares within the number of rights available in their portfolios.</p> <p ></p> <table border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr> <td colspan="2" > <p ><strong>Key Capital Increase Details</strong></p> </td> </tr> <tr> <td > <p ><strong>Current capital</strong></p> </td> <td > <p >SAR 108.97 mln</p> </td> </tr> <tr> <td > <p ><strong>Current shares</strong></p> </td> <td > <p >10.90 mln</p> </td> </tr> <tr> <td > <p ><strong>Capital increase</strong></p> </td> <td > <p >150%</p> </td> </tr> <tr> <td > <p ><strong>Capital after increase</strong></p> </td> <td > <p >SAR 272.43 mln</p> </td> </tr> <tr> <td > <p ><strong>Shares after increase</strong></p> </td> <td > <p >27.24 mln</p> </td> </tr> </tbody> </table> <p></p> <table border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr> <td colspan="3" > <p ><strong>Key Rights Issue Details</strong></p> </td> </tr> <tr> <td > <p ><strong>Shares offered</strong></p> </td> <td colspan="2" > <p >16.35 mln</p> </td> </tr> <tr> <td > <p ><strong>Offer price</strong></p> </td> <td colspan="2" > <p >SAR 10 per share</p> </td> </tr> <tr> <td > <p ><strong>Issue size</strong></p> </td> <td colspan="2" > <p >SAR 163.46 mln</p> </td> </tr> <tr> <td > <p ><strong>Rights ratio</strong></p> </td> <td colspan="2" > <p >Each eligible shareholder will receive 1.5 rights for every share held</p> </td> </tr> <tr> <td > <p ><strong>Record date</strong></p> </td> <td colspan="2" > <p >Aug. 26, 2026, for shareholders registered with Edaa at the end of the second trading day following theEGM</p> </td> </tr> <tr> <td > <p ><strong>Rights trading period</strong></p> </td> <td colspan="2" > <p >Sep. 1–8, 2026</p> </td> </tr> <tr> <td > <p ><strong>Subscription period</strong></p> </td> <td colspan="2" > <p >Sep. 1–13, 2026</p> </td> </tr> <tr> <td > <p ><strong>Purpose</strong></p> </td> <td colspan="2" > <p >To enable the company to settle financial obligations and support its future growth strategy</p> </td> </tr> <tr > <td rowspan="6" > <p ><strong>Use of proceeds (SAR mln)</strong></p> </td> <td > <p >Repayment and settlement of bank loans</p> </td> <td > <p >83.72</p> </td> </tr> <tr> <td > <p >Payment of suppliers and accrued expenses</p> </td> <td > <p >18.19</p> </td> </tr> <tr> <td > <p >Development of workers’ housing</p> </td> <td > <p >15.00</p> </td> </tr> <tr> <td > <p >Investment in the real estate sector</p> </td> <td > <p >35.00</p> </td> </tr> <tr> <td > <p >Offering costs</p> </td> <td > <p >11.55</p> </td> </tr> <tr> <td > <p ><strong>Total</strong></p> </td> <td > <p ><strong>163.46</strong></p> </td> </tr> </tbody> </table> <p></p> <table border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr> <td colspan="2" > <p ><strong>Additional Information</strong></p> </td> </tr> <tr> <td > <p ><strong>Financial advisor and underwriter</strong></p> </td> <td > <p >Wasatah Capital</p> </td> </tr> <tr> <td > <p ><strong>Lead manager</strong></p> </td> <td > <p >Musharaka Capital</p> </td> </tr> </tbody> </table>

Publication

Argaam - Main News · Trade Publication

Published

8th September 2026

Original report

argaam.com

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