Naseej Announces Its New Strategy

Logo of Naseej International Trading Company

Naseej International Trading Company announced its new strategy, which aims to achieve sustainable return on shareholders' equity by diversifying income sources and not relying on carpets and rugs as a main activity, gradually shifting towards establishing diversified and balanced investments.

The company said in a statement on Tadawul that to achieve this strategy, the board sees the importance of focusing on the following:

1- Restructuring current activities to rationalize expenses and maximize returns from each activity.

2- Building successful partnerships with stakeholders (such as competitors or suppliers) and partially or fully exiting some activities by accepting acquisition offers (full or partial) or offering them as investment opportunities eligible for listing at a later stage.

3- Gradually activating the holding company structure and dealing with production, investment, and commercial units under the concept of strategic units to enhance operational efficiency while reducing resources under direct management of the holding company.

4- Leveraging the company's listing on the main market by studying and executing full or partial acquisition opportunities in companies and sectors with promising growth prospects, supporting business diversification and enhancing shareholder value.

5- Conducting periodic performance evaluations of subsidiary companies and units and making appropriate decisions in a timely manner to maximize company value and shareholder rights. It added that implementation of this plan will begin from the start of next year 2027, clarifying that adopting this strategy does not currently entail any material financial impact, and that it will announce any material developments or updates regarding its implementation in due course, in accordance with relevant regulations and instructions.