Naseej International obtains CMA’s nod for capital raise

NASEEJ
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Riyadh – Mubasher: Naseej International Trading Company has received formal approval from the Capital Market Authority (CMA) to proceed with its capital increase through a rights issue valued at SAR 163.45 million.

The regulatory milestone follows the company’s initial application submitted in late 2025 and marks a critical step in Naseej’s efforts to restructure its capital base. The approval remains contingent upon the endorsement of the company’s shareholders during an upcoming Extraordinary General Meeting (EGM).

According to a regulatory filing on the Saudi Exchange (Tadawul), the CMA issued its decision on 18 June. This decision follows the company’s formal request for a capital hike originally filed on 30 December 2025.

The CMA’s approval was granted after Naseej International Trading Company successfully addressed all observations and fulfilled the regulatory requirements stipulated in the capital increase file.

The capital increase will be executed through the issuance of priority rights shares totaling SAR 163.45 million.

Eligibility for these rights will be restricted to shareholders registered in the company’s records at the Securities Depository Center (Edaa) at the close of the second trading day following the date of the EGM. The company noted that the specific date for the EGM, where shareholders will vote on the proposal, will be announced at a later time.

Naseej clarified that the current approval is a conditional mandate. To finalize the process, the company must obtain a majority vote from its shareholders during the EGM and complete all remaining statutory procedures and requirements.

This includes the publication of a detailed rights issue prospectus, which will provide investors with comprehensive information regarding the offering, the intended use of proceeds, and the financial impact on the company’s operations.

The company confirmed that it is now moving forward with the necessary administrative steps to organize the general assembly and ensure the timely release of the prospectus.

This regulatory progress follows a period of coordination between the company’s management and the CMA to ensure that the application met the transparency and compliance standards required for such significant corporate actions on the Saudi market.

Source: Mubasher Source: {{details.article.source}}