Shareholders of Naseej International Trading Co. will start on Oct. 31 the electronic voting on the agenda of the extraordinary general assembly meeting (EGM) scheduled for Nov. 4, according to a bourse filing.

 

Shareholders will vote on increasing capital through SAR 150 million, or 243.38% to SAR 211.6 million from SAR 61.6 million, during

 

The capital hike is aimed to raise the company’s solvency, as well as fund its strategic expansions, and improve financial performance, borrowing rates and incurred costs.

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