With reference to Naseej International Trading Company announcement on 28/09/2020G corresponding to 11/02/1442H regarding the board of directors recommendation to reduce the company's capital and a subsequent capital increase through rights issues. Naseej International Trading Company announces its submission on Monday 13/ 05/1442 H corresponding to 28/12/ 2020G the application file for approval to increase the company's capital by offering of rights issue to the Capital Market Authority. Noting that Al Wasatah Al Maliah Company (Wasatah Capital) has been appointed as the financial advisor for the offering, and the company will announce later on any developments in this regard.
Date of Submitting the Application File to CMA
2020-12-28 Corresponding to 1442-05-13
Application Subject
Increasing the capital by offering of rights issue in the amount of 150 million Saudi riyals
Date of Announcing Board Recommendation to Increase the Company's Capital on Tadawul's Website
2020-09-28 Corresponding to 1442-02-11
Additional Information
The company will announce any future developments in this regard in due course.
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