Naseej International Trading shares rise to the highest price in 9 years

Naseej International Trading (Naseej) shares, listed and traded on the Saudi market “Tadawul,” rose by 1.78% at the end of Monday’s session, closing at 103 riyals per share.

Trading in Naseej International Trading shares at the end of today’s session, Monday, amounted to 334.6 thousand shares, with a trading value of 34.53 million riyals.

The highest share price at that time was 104.2 riyals per share, while the lowest share price was 100.2 riyals per share.

The stock thus touched its highest price in 108 months (9 years).

It is noteworthy that the company filed a lawsuit against the Saudi Ministry of Foreign Affairs on December 10 of last year 2024 to demand an amount of 11.96 million riyals for unpaid dues, noting that the speed of paying that amount is expected to have a positive impact on its financial situation in the event of a ruling in its favor in that case. .

Naseej International Trading Company is a public company listed on the Saudi Stock Exchange (Tadawul) since February 2010, and operates in the consumer durable goods and clothing sector with a focus on home furnishings.

The company is headquartered in Jeddah, Saudi Arabia and was established in February 1953.