Naseej International Trading Company announces the latest developments regarding the company's announcement that its accumulated losses have reached more than 50% of its capital, and the recommendations reached by the Board of Directors regarding the accumulated losses.
| Element List | Explanation |
|---|---|
| Introduction | Referring to the announcement by Naseej International Trading Company on March 23, 2025, of its annual financial results, which stated that its accumulated losses, representing 56% of its capital.
The company would like to announce the recommendations reached by the Board of Directors regarding the accumulated losses, which are as follows: A. Adopting several different strategic options, including an acquisition plan for Etmam Company and signing a sale and purchase agreement with it, and selling assets whose disposal does not affect the operational business. B. Increasing sales volume. C. Reducing expenses. |
| Previous Announcement | Naseej International Trading Co. announces its Annual Financial results for the period ending on 2024-12-31 |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-03-23 Corresponding to 1446-09-23 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Announcing the Board of Directors’ recommendations regarding accumulated losses, which are as follows:
A. Adopting several different strategic options, including an acquisition plan for Etmam Company and signing a sale and purchase agreement with it, and selling assets whose disposal does not affect the operational business. B. Increasing sales volume. C. Reducing expenses. |
| Reasons For The Delay on The Date of The Event Previously Announced | NOT APPLICABLE |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | NOT APPLICABLE |
| Delay consequences on the Company’s financial results | NOT APPLICABLE |
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