Riyadh – Mubasher: Naseej International Trading Company has started trading and a subscription period for its capital increase through a rights issue valued at SAR 163.46 million.

The subscription period for the new shares and the trading of rights will commence on 1 September 2026.

The company is offering 16.34 million new ordinary shares at an offer price of SAR 10 per share. This issuance will increase the capital from SAR 108.97 million to SAR 272.43 million, representing a 150% increase in the total number of shares to 27.24 million.

Registered shareholders as of the eligibility date of 26 August 2026 are entitled to 1.5 rights for every one share held.

The trading period for rights is scheduled to conclude on 8 September, while the subscription phase for the new shares will remain open until 13 September.

Net proceeds, estimated at SAR 151.91 million after deducting SAR 11.55 million in offering costs, are earmarked for settling bank loans and supporting future growth strategies.

Wasatah Capital is acting as the lead manager and underwriter for the transaction.