Naseej International Trading Co. (1213)

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News

7 January 02:58 PM Nineteen Tadawul-listed firms raise capital by SAR 12.6bn in 2020

Riyadh – Mubasher: Nineteen Tadawul-listed companies have hiked their capital by SAR 12.57 billion during 2020, whereas eleven others lowered their capital meanwhile.   The capital hike processes were implemented by way of a rights issue, issuance …

Companies Investments

29 December 2020 09:35 AM Naseej International submits capital increase request to CMA

Riyadh – Mubasher: Naseej International Trading Company on Monday submitted a request to the Capital Market Authority (CMA) for a capital increase by way of a rights issue. Wasatah Capital has been appointed as the offering’s financial adviser, …

Corporate Actions

28 December 2020 09:56 AM Naseej International announces 0% accumulated losses

Riyadh – Mubasher: Naseej International Trading Company on Monday announced that its accumulated losses have dropped to 0% of the capital, according to a bourse filing. Earlier this month, the Tadawul-listed firm cut its capital by 65.4% to …

Financial Results

21 December 2020 09:20 AM Naseej International’s EGM approves 65.4% capital cut

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Naseej International Trading Company approved reducing the company’s capital by 65.4% to amortise accumulated losses totalling SAR 116.5 million. The company’s capital will be cut to …

Management Decisions

12 November 2020 09:17 AM Naseej International submits capital cut request to CMA

Riyadh – Mubasher: Naseej International Trading Company on 11 November submitted a request to the Saudi Capital Market Authority (CMA) for a SAR 116.527 million capital reduction. The company said it will announce further relevant details in due …

Management Decisions

24 August 2020 11:08 AM Naseej International reports 65% plunge in quarterly loss

Riyadh – Mubasher: The net losses of Naseej International Trading Company totalled SAR 17.32 million in the second quarter (Q2) ended 30 June 2020, posting a 65% year-on-year (YoY) decrease. The drop in losses was helped by an improvement in …

Financial Results

21 June 2020 11:22 AM Naseej International narrows Q1-20 losses by 44%

Riyadh – Mubasher: Net losses after Zakat and tax of Naseej International Trading Company amounted to SAR 19.5 million during the first quarter (Q1) of 2020, down by 44.4% from SAR 35.2 million in the corresponding quarter a year earlier. Revenues …

Financial Results

14 May 2020 03:02 PM Al Sorayai changes name to Naseej International Trading Co.

Riyadh – Mubasher: Al Sorayai Trading and Industrial Group announced on Thursday changing its name to Naseej International Trading Company. The company’s shareholders approved the decision during the extraordinary general assembly meeting (EGM), …

Board of Directors

16 February 2020 05:04 PM Al Sorayai shares oversubscribed by 858%

Riyadh – Mubasher: The remaining shares of Al Sorayai Trading and Industrial Group’s rights issue were 858.1% oversubscribed. A total of 1.93 million shares were sold with a total value of SAR 28.6 million, at an average selling price of SAR 14.79 …

Trading Activities

9 February 2020 04:21 PM Al Sorayai discloses update on rights issue

Riyadh – Mubasher: Al Sorayai Trading and Industrial Group’s rights issue registered an 82.83% coverage, with 9.33 million of subscribed shares out of the 11.266 million offered shares. The value of the subscribed shares amounted to SAR 93.31 …

Trading Activities

27 January 2020 11:23 AM Al Sorayai launches rights issue trading

Riyadh – Mubasher: Al Sorayai Trading and Industrial Group (Al Sorayai) announced on Monday the start of the rights issue trading and new shares subscription period. A priority rights offer of around 11.27 million ordinary shares will raise the …

Trading Activities

23 January 2020 11:29 AM Al Sorayai’s shareholders approve SAR 112.6m capital increase

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Al Sorayai Trading and Industrial Group (Al Sorayai) has approved an increase in the company’s capital through a priority rights issue of 11.3 million ordinary shares.  The capital will …

Corporate Actions

10 November 2019 11:51 AM Al Sorayai turns profitable in Q3

Riyadh – Mubasher: Al Sorayai Trading and Industrial Group (Al Sorayai) achieved SAR 3.06 million in profits during the third quarter of 2019, versus losses of SAR 16.69 million in Q3-18. The company’s revenues plunged by 20% to SAR 64.6 million …

13 October 2019 10:13 AM Al Sorayai submits capital raise request to CMA

Riyadh – Mubasher: Al Sorayai Trading and Industrial Group (Al Sorayai) has submitted a request to increase capital through a rights issue to the Capital Market Authority (CMA) on Friday. The company will provide further data on time, according to …

Corporate Actions

25 September 2019 10:36 AM Al Sorayai’s board proposes capital hike

Riyadh – Mubasher: Al Sorayai Trading and Industrial Group’s board of directors recommended increasing the firm’s capital by issuing SAR 112.660 million worth of priority rights shares. During its meeting on 24 September 2019, the board noted that …

Management Decisions

11 September 2019 10:47 AM Al Sorayai’s accumulated losses drop to SAR 7.49m

Riyadh – Mubasher: The accumulated losses of Al Sorayai Trading and Industrial Group fell to SAR 7.49 million accounting for 11.43% of the company’s capital. The said decline in losses followed Al Sorayai’s extraordinary general meeting’s (EGM) …

Corporate Actions

29 August 2019 11:04 AM Al Sorayai fluctuation limits to be based on share price of SAR 40.75

Riyadh – Mubasher: The Saudi Stock Exchange announced that the fluctuation limits of Al Sorayai Trading and Industrial Group will be based on a share price of SAR 40.75. The Securities Depository Center (Edaa) will deposit the additional shares …

29 August 2019 10:31 AM Al Sorayai’s board approves 70% capital cut

Riyadh – Mubasher: The extraordinary general assembly of Al Sorayai Trading and Industrial Group has approved a 70.89% capital cut. The company will reduce its capital to SAR 65.5 million instead of SAR 225 million, according to a filing to the …

6 August 2019 02:46 PM CMA approves Al Sorayai’s request to cut its capital

Riyadh – Mubasher: The Capital Market Authority (CMA) has approved Al Sorayai Trading and Industrial Group’s request to reduce its capital. Accordingly, the company will reduce its capital to SAR 65.5 million from SAR 225 million, according to …

25 July 2019 09:15 PM Al Sorayai’s board proposes capital reduction

Riyadh – Mubasher: Al Sorayai Trading and Industrial Group’s (Al Sorayai) board has recommended the reduction of the company’s capital by 70.89% to SAR 65.5 million from SAR 225 million. After the reduction, Al Sorayai’s shares will amount to 6.55 …

Board of Directors

25 July 2019 10:41 AM AlSorayai names Mark Henry as new CEO

Riyadh – Mubasher: The board of directors of AlSorayai Trading and Industrial Group (AlSorayai) has approved appointing Mark Henry Verlaine as the company's new CEO. The decision will come into force starting from Thursday, 25 July, according to a …

23 July 2019 11:14 AM Al Sorayai suffers SAR 49m losses in Q2

Riyadh – Mubasher: Al Sorayai Trading and Industrial Group (Al Sorayai) disclosed its interim financial results for the second quarter of 2019. The company swung to losses with SAR 48.9 million in Q2-19, against profits of SAR 921,000 in Q2-18, …

7 May 2018 03:48 PM Al Sorayai Trading Q1 profit falls 2.6%

Riyadh – Mubasher: Al Sorayai Trade and Industrial Group on Monday reported a 2.58% year-on-year decline in its profits for the first quarter of 2018. Net profits amounted to SAR 1.39 million in Q1-18, compared to SAR 1.44 million in Q1-17, …

Financial Results

13 February 2018 03:15 PM KSA mulls Al Sorayai Trading-The Home Styles merger

Riyadh – Mubasher: Saudi General Authority for Competition has sounded out experts about the merger of Al Sorayai Trading and Industrial Group and The Home Styles Company. The economic concentration was approved through a 100% merger of The Home …

Mergers and Acquisitions

31 December 2017 08:46 AM Al Sorayai Trading’s shares to be suspended for 2 days

Riyadh – Mubasher: Al Sorayai Trading and Industrial Group’s shareholders convened for an extraordinary general meeting (EGM) where they approved the capital cut by 40%. Accordingly, the company’s capital has been reduced to SAR 225 million from …