Naseej board updates capital increase proposal via SAR 163.5 mln rights issue
Logo ofNaseej International Trading Co.
Naseej International Trading Co.’s board of directors updated today, March 28, a previous recommendation on increasing capital through SAR 163.46 million instead of SAR 108.97 million rights issue.
Capital HikeHighlights
Current Capital
SAR108.97mln
Number of Shares
10.90mln
Capital Hike (%)
150%
Capital after Increase
SAR272.43mln
Number of Shares after Increase
27.24mln
Reason
Reduce borrowing rates…
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