A rescue plan from the Board of Directors of Naseej to address the accumulated losses
Naseej International Trading Company announced the recommendations of the Board of Directors regarding the accumulated losses, after the financial results for the period ending last September 30, with the accumulated losses reaching 63.97% of its capital.
The company said in a statement on its website "Saudi Arabia trading"The recommendations included: The Board of Directors’ recommendation to increase the company’s capital by 163.459 million riyals, through the offering of priority shares, for the purpose of settling financial obligations and supporting the future growth strategy.
The recommendations included working to increase sales volume and reduce operational expenses.
The recommendations included: Considering other potential measures, including, but not limited to, searching for partners in activities and searching for other financing solutions.
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